InformationregardingtheCompanyandcorporategovernance
1
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114
I
LISI 2014FINANCIALREPORT
1.3.2LISIS.A.shareholding
The latest TPI analysis (“Identifiable bearer security”), conducted on
February 4, 2015, identified 2,263 shareholders on the floating capital,
whichaccounted forapproximately29.9%of the total numberof shares
outof a total floatingcapital of 30.7%.At thatdate, thebreakdownwas
as follows:
■■
French institutional investors: 118holding101%ofthecapitalstock,
■■
International institutional investors: 138 holding 18.2% of the capital
stock,
■■
Frenchand international individual shareholders: 2,145holding 1.5%of
thecapitalstock.
1.3.3LISIS.A.treasuryshares
AsatDecember31,2014,LISIS.A.held1,442,328ofitsownshares,or2.67%
of share capital. No shares were cancelled. These shares are primarily
intended tobeused in the formof performance shares, asdescribed in
paragraph2.7.2.2.
1.4
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Relationshipbetween thecompany
and its subsidiaries
LISIS.A.operatesasaholdingandsupportcompanyfor itssubsidiaries. It
manages itsportfolioof interests, thefundingof itsoperationsandthose
of its subsidiaries, as well as exchange rate, interest rate and liquidity
risks. Ifnecessary, itcanalsogrant loans to itssubsidiariesandcentralize
thegroup’scash flowsurpluses,within thescopeofacashmanagement
agreement. These operations are charged at the market price plus a
margin.
In France, LISI S.A. is the parent company of a group consolidated for
fiscal purposes. In accordancewith the express provisions of the Fiscal
ConsolidationAgreement, tax credit is retainedby theparent company,
and companies arenot entitled to compensation should they leave the
consolidationperimeter.
LISI S.A. offers its subsidiaries a number of services and skills relating
to central functions, suchas legal and fiscal support, financial support,
management controls, procedures and audits, insurancemanagement
andassistancewithhuman resources,health, safety,andenvironmental
matters.The threedivisionspayLISIS.A.anormal levelofcompensation
for these services, based on the operating expenses incurred for the
period,multipliedbyacoefficient; thesecharge-backsarebrokendown
proportionallytoeachdivision'saddedvalue.
Datawithrelatedcompaniesareas follows:
Amount concerning
(In€'000)
related companies
companieswithwhich
the company has a
participating interest
ASSETS:
Receivables related toequityholdings
2,500
–
Debtorsandapportionedaccounts
3,902
–
Cashadvances tosubsidiaries
385,722
–
Tax integrationcurrentaccount
1,956
–
Leg3–6SRPclaims (5testand1control)
Subsidiaries’ financial assistance
218,929
–
Tax integrationcurrentaccount
7,160
–
Suppliers
182
–
INCOMESTATEMENT:
ITmaintenance
23
–
Reserves forequity interests
1,962
–
Serviceandmanagement fees invoices
8,417
–
Miscellaneouschargebacks
1,926
–
Revenues fromsubsidiaries' loansandcurrentaccounts
3,810
–
Revenues fromequity interest
20,006
–
