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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES
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Should a default event occur, the lenders are entitled to demand full or partial repayment of the amounts lent
and not yet repaid, together with interest and any other amount due. No collateral security is required.
Actual financial ratios reported at period end are as follows:
(1)
The ratios are calculated on the basis of the definitions contained in the relevant credit agreements.
The above financial ratios comply with both the covenants contained in the relevant credit agreements and
there are no instances of non-compliance with the financial and non-financial covenants indicated above.
33. RELATED PARTY TRANSACTIONS
Transactions between Prysmian S.p.A. and its subsidiaries and associates mainly refer to:
trade relations involving intercompany purchases and sales of raw materials and finished goods;
services (technical, organisational and general) provided by head office for the benefit of group
companies;
recharge of royalties for the use of trademarks, patents and technological know-how by group
companies;
financial relations maintained by Group treasury companies on behalf of, and with, Group companies.
The related party disclosures also include the compensation paid to Directors, Statutory Auditors and Key
Management Personnel.
All the above transactions form part of the Group's continuing operations.
The following tables provide a summary of related party transactions in the years ended 31 December 2015
and 31 December 2014: