Annual Review 2012 - Luxottica

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180 | ANNUAL REPORT 2012 37. SUBSEQUENT EVENTS On January 23, 2013, the Company successfully completed the acquisition of Alain Mikli International, the French luxury and contemporary eyewear player. The consideration paid for the acquisition was Euro 85.4 million. Net sales generated by Alain Mikli International in 2012 were approximately Euro 55.5 million. The Company uses various methods to calculate the fair value of the Mikli assets acquired and the liabilities assumed. The valuation processes have not been concluded as of the date this financial statements were authorized for issue. In accordance with IFRS 3, the fair value of the net assets and liabilities assumed will be defined within 12 months from the acquisition date. * * * Milan, February 28, 2013 On behalf of the Board of Directors Andrea Guerra Chief Executive Officer
Consolidated financial statements - ATTACHMENT | 181 > Attachment EXCHANGE RATES USED TO TRANSLATE FINANCIAL STATEMENTS PREPARED IN CURRENCIES OTHER THAN EURO Currency Average exchange rate for the year ended December 31, 2012 Final exchange rate as of December 31, 2012 Average exchange rate for the year ended December 31, 2011 Final exchange rate as of December 31, 2011 U.S. Dollar 1.28479 1.31940 1.3920 1.2939 Swiss Franc 1.20528 1.20720 1.2326 1.2156 Great Britain Pound 0.81087 0.81610 0.8679 0.8353 Brazilian Real 2.50844 2.70360 2.3265 2.4159 Japanese Yen 102.49188 113.61000 110.9586 100.2000 Canadian Dollar 1.28421 1.31370 1.3761 1.3215 Mexican Peso 16.90293 17.18450 17.2877 18.0512 Swedish Krona 8.70407 8.58200 9.0298 8.9120 Australian Dollar 1.24071 1.27120 1.3484 1.2723 Argentine Peso 5.84030 6.48641 5.7450 5.5677 South African Rand 10.55106 11.17270 10.0970 10.4830 Israeli Shekel 4.95357 4.92580 4.9775 4.9453 Hong Kong Dollar 9.96626 10.22600 10.8362 10.0510 Turkish Lira 2.31354 2.35510 2.3378 2.4432 Norwegian Krona 7.47506 7.34830 7.7934 7.7540 Malaysian Ringgit 3.96725 4.03470 4.2558 4.1055 Thai Baht 39.92761 40.34700 42.4288 40.9910 Taiwan Dollar 37.99650 38.32620 40.8924 39.1835 South Korean Won 1,447.69129 1,406.23000 1,541.2341 1,498.6899 Chinese Renminbi 8.10523 8.22070 8.9960 8.1588 Singapore Dollar 1.60546 1.61110 1.7489 1.6819 New Zealand Dollar 1.58670 1.60450 1.7600 1.6737 United Arab Emirates Dirham 4.71899 4.84617 5.1124 4.7524 Indian Rupee 68.59735 72.56000 64.8859 68.7130 Polish Zloty 4.18474 4.07400 4.1206 4.4580 Hungarian Forint 289.24941 292.30000 279.3726 314.5800 Croatian Kuna 7.52167 7.55750 7.4390 7.5370 American Dollar (GMO Ecuador) 1.28479 1.31940 1.3778 1.2939 Colombian Peso 2,309.57082 2,331.23000 2,564.6895 2,510.5701 Chilean Peso 624.78695 631.72900 678.6135 671.9970 Peruvian Nuevo Sol 3.39013 3.36780 3.7549 3.4875 Namibian Dollar 10.5511 11.1727 10.0970 10.4830
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Annual Review 2012
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All pictures in this Annual Review
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7 Letter to shareholders Dear Share
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9 1 Financial highlights 2008 2009
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13 2.1 Profile Luxottica is a marke
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17 2.2 Mission and strategy VERTICA
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2.2 MISSION AND STRATEGY 19 develop
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2.2 MISSION AND STRATEGY 21 Luxotti
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A first-class brand portfolio ACQUI
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27 2.4 From design to logistics Des
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30 ANNUAL REview 2012 its manufactu
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32 ANNUAL REview 2012 introduces ne
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35 2.5 Brand portfolio Proprietary
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2.5 BRAND PORTFOLIO 37 Vogue eyewea
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2.5 BRAND PORTFOLIO 39 under licens
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2.5 BRAND PORTFOLIO 41 Prada Group
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44 ANNUAL REview 2012 Luxottica a w
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46 ANNUAL REview 2012 Customers of
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50 ANNUAL REview 2012 Retail licens
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52 ANNUAL REview 2012 SUN AND LUXUR
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55 2.7 Giving back through OneSight
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58 ANNUAL REview 2012 Canada 7,342
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61 3 A long way to grow In 2013 Lux
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3 A long way to grow 63 The concent
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66 ANNUAL REview 2012 Net sales in
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69 5 Human resources Group headcoun
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5 HUMAN RESOURCES 71 For the retail
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75 Other information 2000-2012 EVOL
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Other information 77 share Capital
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Other information 79 1990 1991 1992
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www.luxottica.com
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ANNUAL REPORT 2012 Fiscal year ende
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MANAGEMENT REPORT | 5 > Management
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MANAGEMENT REPORT | 7 > 2011. In 20
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MANAGEMENT REPORT | 9 > As a result
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MANAGEMENT REPORT | 11 > of Coach,
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MANAGEMENT REPORT | 13 > Please fin
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MANAGEMENT REPORT | 15 > Adjusted n
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MANAGEMENT REPORT | 17 > The income
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MANAGEMENT REPORT | 19 > Operating
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MANAGEMENT REPORT | 21 > Other Inco
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MANAGEMENT REPORT | 23 > Cash used
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MANAGEMENT REPORT | 25 > As of Dece
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MANAGEMENT REPORT | 27 > Capital ex
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MANAGEMENT REPORT | 29 > Implementa
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MANAGEMENT REPORT | 31 > consequent
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MANAGEMENT REPORT | 33 > Risks Rela
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MANAGEMENT REPORT | 35 > 31, 2012 a
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MANAGEMENT REPORT | 37 > n) If we w
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MANAGEMENT REPORT | 39 > of the U.S
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MANAGEMENT REPORT | 41 > growing at
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MANAGEMENT REPORT - APPENDIX | 43 >
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REPORT ON CORPORATE GOVERNANCE AND
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CONSOLIDATED FINANCIAL STATEMENTS |
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Consolidated financial statements -
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