14MB - Pirelli

EXTRAORDINARY SESSION CONSOLIDATED FINANCIAL STATEMENT SUSTAINABILITY REPORT DIRECTORS' REPORT PRELIMINARY INFORMATION
43. Dividends per share
Pirelli & C. S.p.A., paid dividends based on 2007 earnings to its shareholders equal to Euros
0.0160 per each 5,230,524,503 ordinary share (excluding treasury shares) and Euros 0.0728 per
each 130,272,660 savings shares (excluding treasury shares).
Total dividends paid out amounted to Euros 93.2 million.
44. Related party disclosures
Related party transactions, including intragroup transactions, are neither unusual nor exceptional
but fall under the ordinary course of business of the companies of the Group. Such
transactions, when not concluded at standard conditions or dictated by specific laws, are in any
case conducted at arm’s length.
The following table summarizes the balance sheet and income statement line items which include
related party transactions and the relative incidence of the total:
(in millions of Euro)
402 PIRELLI & C. S.p.A. MILAN
Total in
financial
statements at
12/31/2008
Of which
related
parties
% of total Total in
financial
statements at
12/31/2007
Of which
related
parties
% of total
BALANCE SHEET
Non-current assets
Other receivables 723.0 565.2 78.2% 672.9 520.8 77.4%
Current assets
Trade receivables 788.0 77.1 9.8% 1,098.9 123.7 11.3%
Other receivables 240.0 23.9 10.0% 241.5 22.1 9.1%
Current liabilities
Borrowings from banks and other
financial institutions 693.6 5.2 0.8% 754.7 2.9 0.4%
Trade payables 1,108.6 23.8 2.2% 1,323.6 29.1 2.2%
Other payables 482.4 7.7 1.6% 1,394.7 21.5 1.5%
Tax payables 44.0 1.1 2.4% 45.7 - -
INCOME STATEMENT
Revenues from sales and services 4,660.2 138.1 3.0% 6,075.6 195.9 3.2%
Other income 175.9 - - 274.9 72.7 26.4%
Personnel costs (1,174.9) (3.1) 0.3% (1,095.9) (14.5) 1.3%
Other expenses (1,687.6) (42.9) 2.5% (1,703.9) (88.9) 5.2%
Financial income 577.3 34.1 5.9% 295.3 31.2 10.6%
Financial expenses (603.5) (0.2) - (377.2) (4.5) 1.2%
Dividends 31.3 - - 34.5 6.6 19.2%
Related party transactions relating to discontinued operations are detailed in Note 41.
The income statement, balance sheet and cash flow effects of transactions with related parties
on the consolidated financial statements of the Pirelli & C. Group for the year ended December
31, 2008 are as follows.