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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES
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The dividend paid in 2015 amounted to approximately Euro 90 million (Euro 0.42 per share). A dividend of
Euro 0.42 per share for the year ended 31 December 2015 will be proposed at the annual general meeting to
be held on 13 April 2016 in a single call; based on the number of outstanding shares, the above dividend per
share equates to a total dividend pay-out of approximately Euro 90 million. The current financial statements
do not reflect any liability for the proposed dividend.
29. CONTINGENT LIABILITIES
As a global operator, the Group is exposed to legal risks primarily, by way of example, in the areas of
product liability and environmental, antitrust and tax rules and regulations. The outcome of legal disputes
and proceedings currently in progress cannot be predicted with certainty. An adverse outcome in one or
more of these proceedings could result in the payment of costs that are not covered, or not fully covered, by
insurance, which would therefore have a direct effect on the Group's financial position and results.
As at 31 December 2015, the contingent liabilities for which the Group has not recognised any provision for
risks and charges, on the grounds that an outflow of resources is unlikely, but which can nonetheless be
reliably estimated, amount to approximately Euro 66 million.
It is also reported, with reference to the Antitrust investigations in the various jurisdictions involved, that the
only jurisdiction for which the Group has been unable to estimate the risk is Brazil.
30. COMMITMENTS
(a) Commitments to purchase property, plant and equipment and intangible assets
Contractual commitments already entered into with third parties as at 31 December 2015 and not yet
reflected in the financial statements amount to Euro 53 million for investments in property, plant and
equipment (Euro 37 million at the end of 2014); there were no commitments to third parties at 31 December
2015 for investments in intangible assets (Euro 1 million in 2014).
(b) Operating lease commitments
Future commitments relating to operating leases are as follows: