RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

10.2 CONTRACTUAL AND TRADE COMMITMENTS

Payments due by period Between 1 and 5 years

Contractual commitments as of 12/31/2019 (in thousands of euros)

Total

Less than 1 year

More than 5 years

Credit institution loans

1,635,180

320,550

1,278,114

36,516

Finance lease commitments

3,406 8,896

1,201 6,602

2,193 1,651

12

Operating leases

643 160

Other long-term commitments

874

269

445

TOTAL

1,648,356

328,622

1,282,403

37,331

Commercial commitments made or received by the Group are not significant.

10.3 TRANSACTIONS WITH RELATED PARTIES

MANAGERS’ COMPENSATION

variable compensation of Management recorded in fiscal year 2019 was the subject of a provision for €1,160 thousand. Compensation paid to members of the parent company’s Supervisory Board totaled €190 thousand in respect of fiscal year 2019.

Management fixed compensation is governed by Article 54 of the by-laws. It tot aled € 2, 6 69 t hou s and for t he fisc al year, including compensation due to the Management of the parent company (€2,357 thousand, for which the corresponding social security contributions are entirely borne by the Managing General Par tners) and compensation due for

management functions in the subsidiaries ( i.e. €312 thousand gross). The 10 th resolution approved at the Annual Shareholders’ and General Par tners’ Meetings on June 5, 2015 introduced variable compensation, the terms and conditions of which are described in chapter 5 of the 2019 Universal Registration Document. The

10.4 FEES PAID TO STATUTORY AUDITORS

Fees paid to the Statutory Auditors and members of their networks in respect of 2019 and 2018 break down as follows:

MAZARS

MONNOT & ASSOCIES

Amount (excl. tax)

%

Amount (excl. tax)

%

2019

2019

2019

2019

2018

2018

2018

2018

(in thousands of euros)

Certification of financial statements Audit, certification and examination of the separate and consolidated financial statements: • Issuer

408 668

350 606 956

34% 55%

34% 59%

196 179

170 133 303

48% 44%

56% 44%

• Fully consolidated subsidiaries

SUB-TOTAL

1,075

89% 92% 375

91% 100%

Services other than the certification of financial statements • Issuer • Fully consolidated subsidiaries

107

60 18 78

9% 2%

6% 2% 8%

34

8% 1% 9%

22

3

SUB-TOTAL

129

11%

36

TOTAL

1,204

1,034

100% 100% 411

303

100% 100%

Services other than the certification of financial statements mainly relate to the issuing of attestations (financial covenants, CSR, etc.).

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