Company financial statements
1
4
LISI 2014FINANCIALREPORT
I
85
3.5
|
Subsidiariesandholdings
3.5.1Elementsregardingrelatedcompaniesandholdings
(in€'000)
Amount concerning
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
–
LIABILITIES:
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
–
3.5.2Subsidiariesandholdings(companydatain€)
Companies
Share
capital
Shareholders'
equity and
minority
interests
Share of
capital held
(as a%)
Gross value
accounting
of the
securities
held
Provisions
on
securities
held
Net value
accounting
of the
securities
held
Loans,
advances
grantedby
the company
not yet
repaid
Loans,
advances
received
by the
company
not yet
repaid
Amount of
guarantees
given by the
company
Sales
revenue
excl. VAT
of the last
financial
year
Net Income
or net loss
of the last
financial
year
Dividends
cashedby
the parent
company as
at of the last
financial year
Subsidiaries: :
LISIAUTOMOTIVE 31,690,000
102,509,355
100,00% 93,636,481
93,636,481
36,146,944
26,315,000 (2,775,127)
LISIAEROSPACE
2,475,200
76,725,063
100,00% 30,863,816
30,863,816
273,694,608 46,054,145
20,005,749
LISIMEDICAL
33,337,000
16,386,699
100,00% 33,337,000
33,337,000
36,999,897
2,287,179 (5,271,028)
3.6
|
Identityof theconsolidatingcompany
Compagnie IndustrielledeDelle (CID)
Limitedcompanywithsharecapitalof€3,189,900
HeadOffice:28FaubourgdeBelfort–BP19–90101DELLECedex
Compagnie IndustrielledeDelleheld54.87%of thecapitalofLISIS.A.as
atDecember31,2014.
3.7
|
Allocationofperformance shares
Actingon the recommendationof theCompensationCommittee, LISI's
Board of Directors decided, on June 26, 2011, to allocate performance
shares tomembersof theExecutiveCommitteeand tomembersof the
mainManagementCommitteesforthethreeLISIGroupdivisions,subject
to theirmeeting certainperformance targets. The samewent for 2012,
2013 and 2014 to the extent that theBoards ofDirectors ofOctober 24,
2012, ofOctober 24, 2013 andOctober 23, 2014 renewed theopeningof
newplanssubjecttosimilarconditions.
The2011planwasdefinitivelyacquired in2014.
The fairvalueof thebenefitsgranted is recognizedasaprovision in2014
foranamountof€0.6MfortheemployeesoftheFrenchcompanies.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.
Thematurityof the2011plan inApril2014resulted inaprovisionreversal
ofa€1M.
