37
36
Changes on Group’s structure are being stated in detail on note 3.10.
Related Party transactions
The related party transactions mentioned below are on a pure commercial basis. The Group or any of its related
parties has not entered in any transactions that were not in an arm’s length basis, and do not intent to participate
in such transactions in the future. No transaction had any special terms and there were no guarantees given or
received.
In the tables below presented the intercompany transactions and balances between the Company, its subsidiar-
ies and the BoD members for the fiscal year 2014 and the intercompany balances at 31.12.2013:
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2014
31/12/2013
31/12/2014
31/12/2013
Short term employee benefits
- Wages and Salaries and BOD Fees
14,599
12,960
2,659
2,598
- Insurance service cost
674
710
293
288
15,273
13,670
2,952
2,887
Pension Benefits:
- Defined benefits scheme
3
-
-
-
- Defined contribution scheme
9
86
-
76
Total
15,286
13,756
2,952
2,963
NAME OF SUBSIDIARIES,
ASSOCIATES AND JOINT VENTURES
COUNTRY OF
INCORPORATION
PERCENTAGE
CONSOLIDATION
METHOD
43 METKA AIOLIKA PLATANOU S.A.
Greece
80.20%
Full
44 AIOLIKI SAMOTHRAKIS S.A.
Greece
100.00%
Full
45 AIOLIKI EVOIAS DIAKOFTIS S.A.
Greece
80.20%
Full
46 AIOLIKI SIDIROKASTROU S.A.
Greece
80.20%
Full
47 HELLENIC SOLAR S.A.
Greece
100.00%
Full
48 SPIDER S.A.
Greece
100.00%
Full
49 GREENENERGY A.E.
Greece
80.00%
Full
50 MOVAL S.A.
Greece
100.00%
Full
51 PROTERGIA THERMOELECTRIC (former ARGYRITIS GEA S.A.)
Greece
100.00%
Full
52 ANEMOSTRATA RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
53 ANEMODRASI RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
54 ANEMORAHI RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
55 ANEMOSKALA RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
56 KATAVATIS RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
57 HORTEROU S.A.
Greece
100.00%
Full
58 KISSAVOS DROSERI RAHI S.A.
Greece
100.00%
Full
59 KISSAVOS PLAKA TRANI S.A.
Greece
100.00%
Full
60 KISSAVOS FOTINI S.A.
Greece
100.00%
Full
61 AETOVOUNI S.A.
Greece
100.00%
Full
62 LOGGARIA S.A.
Greece
100.00%
Full
63 KILKIS PALEON TRIETHNES S.A.
Greece
100.00%
Full
64 ANEMOROE S.A.
Greece
100.00%
Full
65 PROTERGIA ENERGY S.A.
Greece
100.00%
Full
66
PROTERGIA AGIOS NIKOLAOS POWER SA OF GENERATION AND
SUPPLY OF ELECTRICITY
Greece
100.00%
Full
67 OSTENITIS SA (former ALUMINIUM OF GREECE S.A.)
Greece
100.00%
Full
68 SOLIEN ENERGY S.A.
Greece
100.00%
Full
69 KORINTHOS POWER S.A.
Greece
65.00%
Full
70 IKAROS ANEMOS SA
Greece
100.00%
Full
71 KERASOUDA SA
Greece
100.00%
Full
72 AIOLIKH ARGOSTYLIAS A.E.
Greece
100.00%
Full
73 M & M GAS Co S.A.
Greece
50.00%
Full
74 J/V ΜΕΤΚΑ – ΤΕRΝΑ
Greece
5.00%
Equity
75 AIOLIKH TRIKORFON S.A.
Greece
100.00%
Full
76 MAKRYNOROS ENERGEIAKH S.A.
Greece
100.00%
Full
77 INDUSTRIAL RESEARCH PROGRAMS "VEAT’’
Greece
35.00%
Equity
78 THERMOREMA S.A.
Greece
40.00%
Equity
79 FTHIOTIKI ENERGY S.A.
Greece
31.50%
Equity
80 J/V ΑΤΕRMOΝ ΑΤΤΕΕ-ΕΚΜΕ S.A.-TMUCB SA-METKA S.A.
Greece
5.00%
Equity
81 BUSINESS ENERGY TRIZINIA S.A.
Greece
49.00%
Equity
82 IONIA ENERGY S.A.
Greece
49.00%
Equity
83 ELECTRONWATT S.A.
Greece
10.00%
Equity
MYTILINEOS
GROUP
MYTILINEOS
S.A.
(Amounts in thousands
€
)
31/12/2014
31/12/2014
Stock Sales
ALUMINIUM OF GREECE
-
14,410
Stock Purchases
DELFI DISTOMON A.M.E.
-
14,386
Services Sales
METKA S.A.
-
6,007
Services Sales
ELEMKA S.A.
-
4
Services Sales
DELFI DISTOMON A.M.E.
-
7
Services Sales
ALUMINIUM OF GREECE
-
17,223
Services Sales
PROTERGIA THERMOILEKTRIKI S.A.
-
10
Services Sales
GENERAL INDUSTRY S.A. DEFENSE MATERIAL
-
3
Services Sales
THORIKI S.A.I.C.
-
30
Services Sales
OSTENITIS S.A.
-
3
Services Sales
PROTERGIA AGIOS NIKOLAOS POWER S.A.
-
10
Services Sales
PROTERGIA ENERGY S.A.
-
10
Services Sales
Aioliki Trikorfa Societe Anonyme Of Production And Trading Of
Electric Energy
-
10
Services Sales
Makrinoros Societe Anonyme Of Production And Trading Of
Electric Energy
-
10
Services Sales
M & M GAS Co S.A.
-
3
Services Sales
DESFINA
-
3
Services Sales
MYTILINEOS FINANCIAL PARTNERS S.A.
-
69
Services Sales
SOLIEN S.A.
-
5
Services Purchases
STANMED TRADING LTD
-
447
Services Purchases
PROTERGIA AGIOS NIKOLAOS POWER S.A.
-
63
Services Purchases
MYTILINEOS FINANCIAL PARTNERS S.A.
-
7,994
BOARD OF DIRECTORS ANNUAL REPORT
