247
Transactions with associates
Trade and other payables refer to goods and services provided
in the ordinary course of the Group’s business. Trade and other
receivables refer to transactions carried out in the ordinary
course of the Group’s business.
At 31 December 2012, Other payables for key management compensation amount to Euro 5 million (Euro 5 million at 31 December
2011), while Employee benefit obligations for key management compensation amount to Euro 6 million (Euro 1 million at 31
December 2011).
Transactions with non-controlling
interests
These refer to balances and transactions with minority
shareholders in companies not wholly owned by the Group.
34. COMPENSATION OF DIRECTORS AND STATUTORY AUDITORS
35. ATYPICAL AND/OR UNUSUAL TRANSACTIONS
The compensation of the Directors of Prysmian S.p.A.
amounts to Euro 12.3 million in 2012 (Euro 10.2 million
in 2011). The compensation of the Statutory Auditors of
Prysmian S.p.A. amounts to Euro 0.09 million in 2012 (Euro
0.12 million in 2011). Compensation includes emoluments,
and any other types of remuneration, pension and medical
benefits, received for their service as Directors or Statutory
Auditors of Prysmian S.p.A. and other companies included in
the scope of consolidation, and that have constituted a cost
for Prysmian.
In accordance with the disclosures required by Consob Communication DEM/6064293 dated 28 July 2006, it is reported that no
atypical and/or unusual transactions took place during 2012.
(in thousands of Euro)
2012
2011
Salaries and other short-term benefits - fixed part
4,778
4,990
Salaries and other short-term benefits - variable part
7,115
5,187
Other benefits
54
4
Share-based payments
3,523
2,038
Total
15,470
12,219
of which Directors
11,922
9,851
Key management compensation
Key management compensation is analysed as follows:
