LISI 2012 FINANCIAL REPORT
115
7
Information regarding the Company and corporate governance
Data with related companies are as follows:
(In €'000)
Amount concerning
related companies
companies with which the
company has an ownership
relationship
ASSETS:
Provisions on equity shares
Receivables related to equity holdings
10,500
-
Debtors and apportioned accounts
2,430
-
Cash advances to subsidiaries
174,495
-
Tax integration current account
8,018
-
LIABILITIES:
Subsidiaries’ financial assistance
122,184
-
Tax integration current account
590
-
Advance payments from customers
-
-
Suppliers
138
-
Other creditors
-
-
INCOME STATEMENT:
Services received
-
-
IT maintenance
17
-
Reserves for equity interests
788
-
Sales revenue with subsidiaries
6,832
-
Miscellaneous chargebacks
1,587
-
Revenues from subsidiaries' loans and current accounts
2,049
-
Revenues from equity interest
13,003
-
Reversal of provisions on equity interests
-
-
Significant intra-group items include:
• On the assets side:
- Receivables relating to equity interests: LISI S.A. advanced, as
a mid-term loan, €25m to its subsidiary LISI AUTOMOTIVE. A
loan contract of €10millionwhichwas entered into on July 15,
2005 for a period of seven years, redeemable on or after July
15, 2011 for a full refund onApril 1, 2016, allowed it to partially
finance the acquisition in July 2005 of Germany's KNIPPING. A
€10 million loan was taken out in April 2008 for a period of
7 years, amortizable, with 2 years' deferred repayment to
face its growing working capital requirements, the capital
outstanding at December 31, 2012 being €4 million.
- cash advances to group subsidiaries as part of the Group's
cash agreement,
- thecurrentaccountsforthefiscalintegrationoftaxreceivables
of the companies consolidated within the group.
• On the liabilities side:
- cash granted to group subsidiaries within the group cash
management agreement,
- thecurrentaccountsforthefiscalintegrationoftaxreceivables
of the companies integrated within the group.
• On the income statement:
- invoices for services andmanagement fees from LISI S.A. to its
various subsidiaries,
-dividends received by LISI S.A. during the financial year 2012.
These transactions are entered into under normal market
conditions; in particular, they take into account costs that were
actually incurred and are billed back.
