LISI GROUP - 2015 Financial report

INFORMATION REGARDING THE COMPANY AND CORPORATE GOVERNANCE

121

LISI 2015 FINANCIAL REPORT

Data with related companies are as follows:

Amount

(in €'000)

concerning related

companies

in which the Company has equity interests

ASSETS:

Receivables related to equity holdings

500

Debtors and apportioned accounts

1,620

Cash advances to subsidiaries

411,313

Tax integration current account

LIABILITIES:

Subsidiaries’ financial assistance

255,476

Tax integration current account

8,252

Suppliers

188

INCOME STATEMENT:

IT maintenance

Reserves for equity interests

2,143

Service and management fees invoices

8,145

Miscellaneous chargebacks

1,189

Revenues from subsidiaries' loans and current accounts

4,132

Revenues from equity interest

21,007

Significant intra-group items include:

■■

on the assets side:

–– receivables relating to equity interests: LISI S.A. advanced,

as a mid-term loan, €10 million to its subsidiary

LISI AUTOMOTIVE, due for repayment on April 1

, 2016, so

as to enable it to fund part of the acquisition, in July 2005, of

Germany’s KNIPPING. The capital outstanding at December

31, 2015 was €0.5 million,

–– cash advances to Group subsidiaries as part of the Group's

cash agreement,

–– the current accounts for the fiscal integration of tax

receivables of the companies consolidated within the

Group;

■■

on the liabilities side:

–– cash granted to group subsidiaries within the group cash

management agreement,

–– the current accounts for the fiscal integration of tax

receivables of the companies integrated within the Group;

■■

on the income statement:

–– invoices for services and management fees from LISI S.A. to

its various subsidiaries,

–– dividends received by LISI S.A. for the financial year 2015.

These transactions are entered into under normal market

conditions; in particular, they take into account costs that were

actually incurred and are billed back.

1.5

AUDITORS’ FEES

The table below lists the fees paid to the Auditors appointed

for certifying the Group’s separate and consolidated financial

statements. These are the fees paid for services rendered and

recognized for the year 2015 in the financial statements of LISI

S.A. and its subsidiaries, whose income statements for the year

and balance sheets are fully consolidated.

The fees relative for tax services regarding the French or

foreign companies, rendered by Bureau Francis Lefebvre or

other consultancies, are not listed in this table: