137
136
Annual Financial Statements
Out of the above mentioned parent company guarantees:
€
588,79 mio are parent company guarantees for bank loans of the
Group’s subsidiaries and
€
519,09 mio are parent company guarantees on behalf of customers
and suppliers of the Group’s subsidiaries.
It is noted that the above amount of guarantees issued by the parent
on behalf of customers and suppliers of its subsidiaries, refers to the
maximum amount of the guarantee and the respective risk undertaken
by the parent regardless of the probability of realization of said risk.
The parent company assesses the price that shall be invoiced to its
subsidiaries for guarantees issued by the parent on behalf of them
based on generally accepted pricing methods. In cases where such
pricing exceeds the amount of the already
agreed and charged management fees,
there will be an incremental charge to
cover the difference.
The above mentioned related party
transactions 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
from the above mentioned was under any
special terms.
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
No loans have been given to members of the Board of Directors or other management members of the Group (and their families).
COMPANY
YEARS NOT INSPECTED BY TAX
AUTHORITIES
MYTILINEOS S.A. Maroussi, Athens
2007-2010
METKA S.A., N. Heraklio, Athens
2009-2010
SERVISTEEL, Volos
2010
RODAX BRAZI SRL, Bucharest
2009-2013
ELEMKA S.A., N.Heraklio, Athens
2010
DROSCO HOLDINGS LIMITED, Cyprus
2003-2013
BRIDGE ACCESSORIES & CONSTRUCTION SYSTEMS S.A., Maroussi, Athens
2010
ΜΕΤΚΑ BRAZI SRL, Bucharest
ROMANIA
2008-2013
POWER PROJECTS - Turkey
2010-2013
ALUMINIUM OF GREECE S.A.
2008 - 2010
DELFI DISTOMON A.M.E.
2006-2010
DESFINA SHIPPING COMPANY
2010
DESFINA MARINE SA
2013
ST. NIKOLAOS SINGLE MEMBER P.C.
New Company
RENEWABLE SOURCES OF KARYSTIA SA
2010
SOMETRA S.A., Sibiu Romania
2003-2013
STANMED TRADING LTD, Cyprus
2011-2013
MYTILINEOS FINANCE S.A., Luxemburg
2007-2013
RDA TRADING, Guernsey Islands
2007-2013
MYTILINEOS BELGRADO D.O.O., Serbia
1999-2013
MYVEKT INTERNATIONAL SKOPJE
1999-2013
MYTILINEOS FINANCIAL PARTNERS S.A.
2011
MYTILINEOS INTERNATIONAL COMPANY AG "MIT Co"
2013
GENIKI VIOMICHANIKI, Maroussi, Athens
2003-2010
DELTA PROJECT CONSTRUCT SRL, Boucouresti, Romania
2005-2013
DELTA ENERGY S.A., Moshato, Athens
2010
FOIVOS ENERGY S.A., Amfiklia Fthiotidas
2010
HYDROCHOOS S.A., Moshato, Athens
2010
PEPONIAS S.A., Moshato, Athens
2010
HYDRIA ENERGY S.A., Moshato, Athens
2010
EN.DY. S.A., Moshato, Athens
2010
SMALL HYDROELECTRIC STATIONS PELOPONNISOU S.A. (EX FOTINOS TILEMAXOS S.A., Moshato, Athens)
2010
THESSALIKI ENERGY S.A., Moshato, Athens
2010
PROTERGIA S.A.
2010
NORTH AEGEAN RENEWABLES, Maroussi, Athens
2010
MYTILINEOS HELLENIC WIND POWER S.A., Maroussi, Athens
2010
AIOLIKI ANDROU TSIROVLIDI S.A.,Maroussi,Athens
2010
AIOLIKI NEAPOLEOS S.A., Maroussi, Athens
2010
AIOLIKI EVOIAS PIRGOS S.A., Maroussi, Athens
2010
AIOLIKI EVOIAS POUNTA S.A., Maroussi, Athens
2010
AIOLIKI EVOIAS HELONA S.A., Maroussi, Athens
2010
AIOLIKI ANDROU RAHI XIROKABI S.A., Maroussi, Athens
2010
METKA AIOLIKA PLATANOU S.A., Maroussi, Athens
2010
AIOLIKI SAMOTHRAKIS S.A., Maroussi, Athens
2010
4.36 Contingent Assets & Contingent Liabilities
4.36.1 Disclosures related to contingent liabilities
The fiscal years that have not been inspected by the tax authorities for each of the Group’s companies are as
follows:
