Consolidated Financial Statements >
CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES
246
| 2012 annual report prysmian group
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 to subsidiaries worldwide;
• financial relations maintained by Group treasury companies
on behalf of, and with, Group companies.
All the above transactions form part of the Group’s continuing
operations.
The following tables summarise related party transactions in
the years ended 31 December 2012 and 31 December 2011:
2011
Share of income from investments
Sales of goods
Personnel
Cost of goods
Finance
in associates and dividends
and services
costs
and services income/(costs)
from other companies and other income
Associates
8
64
-
47
-
Other related parties:
Compensation of directors, statutory auditors
and key management personnel
-
-
12
-
-
Non-controlling interests
-
-
-
1
-
Total
8
64
12
48
-
(in millions of Euro)
2012
Share of income from investments
Sales of goods
Personnel
Cost of goods
Finance
in associates and dividends
and services
costs
and services income/(costs)
from other companies and other income
Associates
17
100
-
84
-
Other related parties:
Compensation of directors, statutory auditors
and key management personnel
-
-
15
1
-
Total
17
100
15
85
-
(in millions of Euro)
31 December 2011
Investments in Trade and other Trade and other Employee benefit
Financial payables
associates
receivables
payables
obligations
and derivatives
classified as liabilities
Associates
87
8
12
-
-
Other related parties:
Compensation of directors, statutory
auditors and key management personnel
-
-
5
1
-
Non-controlling interests
-
-
16
-
-
Total
87
8
33
1
-
(in millions of Euro)
(in millions of Euro)
31 December 2012
Investments in Trade and other Trade and other Employee benefit
Financial payables
associates
receivables
payables
obligations
and derivatives
classified as liabilities
Associates
99
17
10
-
-
Other related parties:
Compensation of directors, statutory
auditors and key management personnel
-
-
5
6
-
Total
99
17
15
6
-
