ANNUAL REPORT 2014
ITA
ENG
0
Introduction to the annual report
Chief executive officer’s letter to stakeholders
Sabaf’s progress towards Integrated Reporting
Analysis of materiality
Material issue
Key performance indicators (KPIS)
Generated and Distributed Economic Value
1
Business model and strategic approach
2
International operations and Core Markets
3
Corporate governance, Risk management, Compliance Remuneration
Corporate Governance
Risk Management
Compliance
General Remuneration Policy
4
Social and environmental Sustainability
Social and Environmental Sustainability
SABAF and its staff
SABAF and its shareholders
SABAF and its customers
SABAF and its suppliers
SABAF and its lenders
SABAF and its competitors
SABAF, Government and Society
SABAF and the environment
GRI content Index
5
Report on operations
FINANCIAL SITUATION OF THE GROUP
SABAF S.P.A. BUSINESS AND FINANCIAL STATUS
6
Consolidated financial statements at 31 december 2014
Group structure and corporate bodies
Consolidated balance sheet and financial position
Consolidated income statement
Consolidated comprehensive income statement
Statement of changes in consolidated shareholders’ equity
Consolidated statement of cash flows
Explanatory Notes
Certification of the Consolidated Annual Report and Accounts
Auditors’ report on the statutory financial statements
7
Separate financial statements at 31 december 2014
Corporate bodies
Balance sheet and financial position
Income statement
Comprehensive income statement
Statement of changes in shareholders’ equity
Cash flow statement
Explanatory Notes
Certification of Separate financial statements
Auditors’report on the Separate financial statements
Board of Statutory Auditor’s Report Shareholders’ Meeting
8
Report on Remuneration
Sec. I – REMUNERATION POLICY
Sec. II - REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE BOARD OF STATUTORY AUDITORS AND OTHER EXECUTIVES WITH STRATEGIC RESPONSIBILITIES IN 2014
SABAF S.P.A. BUSINESS AND FINANCIAL STATUS
Report on operations
