LensCrafters 2011 Annual Report Download - page 118

ANNUAL REPORT 2011> 42 |
countries outside of the European Union which are subject to the articles 36–39 of the
regulated markets:
• Opticas GMO Chile S.a.s., based in Chile;
• Opticas GMO Colombia S.a.s., based in Colombia;
• Opticas GMO Perù S.a.c., based in Peru;
• Opticas GMO Ecuador S.A., based in Ecuador.
As required by Section 2428 of the Italian Civil Code, it is reported that:
1. the Group carries out research and development activities in relation to production
processes in order to improve their quality and increase their efficiency. The costs
incurred for research and development are immaterial;
2. no atypical and/or unusual transactions, as defined by Consob Communication
6064293 dated July 28, 2006, were undertaken during 2011;
3. the information required by Section 123-bis par.1 of Italian Legislative Decree 58 dated
February 29, 1998, is disclosed in the corporate governance report forming an integral
part of the annual financial report;
4. the Company is not subject to direction and coordination by others, as discussed in
more detail in the corporate governance report;
5. the Company has made a world-wide and national group tax election (sections 117-
129 of the Italian Tax Code) starting from fiscal year 2004 and subsequently extended
for another three years in 2007 and in 2010. Under this election, Luxottica Group S.p.A.,
as the head of the tax group for the Group’s principal Italian companies, calculates
a single taxable base by offsetting taxable income against tax losses reported by
participating companies in the same year.
14. OTHER
INFORMATION