LISI FINANCIALREPORT2013 I
79
COMPANYFINANCIALSTATEMENTS
4
3.5.2Subsidiariesandholdings(companydatain€)
Companies
Share
capital
Shareholders'
equity
and
minority
interests
Share
of capital
held
(as a%)
Gross
book value
of the
securities
held
Provisions
on
securities
held
Net
book value
of the
securities
held
Loans,
advances
granted
by the
company
not yet
repaid
Loans,
advances
received
by the
company
not yet
repaid
Amount of
guarantees
and
sureties given
by the
company
Sales
revenue excl.
Tax
of the last
financial year
Net Income
or net loss
of the last
financial
year
Dividends
cashedby the
parent company
in the last
financial year
Subsidiaries:
LISIAUTOMOTIVE 31,690,000 105,284,482
100,00% 93,636,481
93,636,481
33,815,391
25,065,529 (1,845,217)
LISIAEROSPACE
2,475,200
50,903,370
100,00% 30,863,816
30,863,816
7,470,010
260,918,249 14,983,673
14,004,777
LISIMEDICAL
33,337,000
24,923,841
100,00% 33,337,000
33,337,000
27,706,094
1,377,639 (4,960,005)
3.6
|
IDENTITYOFTHECONSOLIDATINGCOMPANY
Compagnie IndustrielledeDelle (CID)
Limitedcompanywithsharecapitalof€3,189,900
HeadOffice: 28FaubourgdeBelfort–BP19–90101DELLECedex
Compagnie IndustrielledeDelleheld96%of thecapitalof LISI S.A. asat
December31,2013.
3.7
|
ALLOCATIONOFPERFORMANCESHARES
Actingon the recommendationof theCompensationCommittee, LISI's
Board of Directors decided, on June 26, 2011, to allocate performance
shares tomembersof theExecutiveCommitteeand tomembersof the
mainManagementCommitteesforthethreeLISIGroupdivisions,subject
totheirmeetingcertainperformancetargets.Thesamewent in2012and
2013, insofar as theBoardofDirectors ofOctober 24, 2013 renewed the
openingofnewplansundersimilarconditions.
The fairvalueof thebenefitsgranted is recognizedasaprovision in2013
foranamountof€1.4m for theemployeesof theFrenchcompanies.This
cost was not allocated todivisions, and remains an expense at the LISI
S.A. level until the definitive realization of the plan. The impact of the
expense relating to theawardsof freeperformanceshares is included in
thepayrollexpenses foremployeesofLISIS.A.only.
Plansthat impactedLISIS.A.'saccounts in2013:
Plan for 2011
Plan for 2012 Plan for 2013
Total
Allocationdate
07/28/11
10/24/12
10/24/13
Acquisitiondate
February2014
February2015
February2016
Value in€'000asat12/31/2013
632
696
89
Impact in€'000on thecompany's financial statementsat12/31/2013
(not includingsocial securitycontributions)
632
696
89
1,419
Numberof sharesawarded
43050
51250
33340
