LensCrafters 2013 Annual Report Download - page 188

Footnotes to the statutory financial statements as of December 31, 2013 Page 21 of 71
8. DERIVATIVE FINANCIAL INSTRUMENTS
Balance at 12/31/201
3
Balance at 12/31/201
2
1,833,6
43
3,085,558
The balance at December 31, 2013 is comprised of third party derivative credits of Euro 535,666 and of intercompany
derivative of Euro 1,297,977.
The balance at December 31, 2013 was comprised of third party derivative credits of Euro 320,296 and of
intercompany derivative of Euro 2,765,262.
Additional information can be found in section two of this document in the paragraph on "Derivative financial
instruments".
9. OTHER ASSETS
Balance at 12/31/201
3
Balance at 12/31/201
2
74,207,637
58,
157,657
This balance comprises:
Description Balance at 12/31/2013 Balance at 12/31/2012
IRES receivable from subsidiaries 22,620,500 14,150,120
Sales taxes transferred by subsidiaries 4,837,289 8,640,406
Sundry receivables 1,852,680 1,235,651
Sundry advances 37,847,300 30,010,038
Accrued income 37,019 65,538
Prepaid expenses 4,056,473 4,055,904
Cash pooling receivables 1,676,289
Total 72,927,550 58,157,657
The Company does not have any receivables relating to transactions in which substantially all the risk and rewards
of ownership are not transferred.
All the current assets are due within one year and have no overdue balances of material amounts.
9.1 IRES receivable from subsidiaries
This is the matching entry to payables for IRES (Italian corporate income tax) calculated on the taxable income
transferred by Italian subsidiaries under the national group tax consolidation, due to expire on December 31, 2015 and
at the head of which is Luxottica Group S.p.A..
. In particular, the amount receivable at year end refers to: