LensCrafters 2013 Annual Report Download - page 227

Footnotes to the statutory financial statements as of December 31, 2013 Page 60 of 71
The Group's Italian and foreign companies are under direction and coordination of Luxottica Group S.p.A,; such
activity has not been detrimental to the profitability of subsidiaries, or to the amount of their net assets; these companies
have benefited from membership of the Group as a result of the considerable associated synergies.
Further to a resolution adopted by the Board of Directors on October 29, 2004, Luxottica Group S.p.A., and its Italian
subsidiaries made a three-year group tax election under Section 117 et seq of the Italian Tax Code. The "terms of
consolidation" were renewed in 2007 and again in 2010 for another three years.
This election basically involves calculating a single taxable base for the participating group of companies and makes the
consolidating Company at the head of the group responsible for determining and settling the tax; adoption of this
election gives rise to a series of economic and cash flows for the participating companies. The group tax election only
applies to IRES (Italian corporate income tax), while IRAP (Italian regional business tax) continues to be paid
separately by each individual company.
41. TRANSACTIONS WITH RELATED PARTIES
Related party transactions are neither atypical nor unusual, and are conducted in the ordinary course of the business of
Group companies. Such transactions are conducted on an arm's length basis, taking account of the characteristics of the
goods and services supplied. It is reported that the remuneration of key managers amounted to Euro 17.2 million. For
more details, please refer to the remuneration report prepared in accordance with Section 123-ter of Italy's Consolidated
Law on Finance.
42. INFORMATION PURSUANT TO ARTICLE 149 REGULATION OF COMPANIES
The following table was prepared pursuant to article 2427, n, 16 bis, of C.C., furnishing the fees for the year 2013 for
audit services and for services other than those pertaining to the review provided by the independent auditors.
Entity providing service Entity receiving service
2013
Audit services
Pricewaterhousecoopers S.p.A. Luxottica Group SpA 1,186,156
Pricewaterhousecoopers S.p.A. Subsidiaries (*) 985,401
Rete Pricewaterhousecoopers S.p.A.
Subsidiaries
5,198,786
Attestation services Pricewaterhousecoopers S.p.A. Luxottica Group SpA 130,000
Pricewaterhousecoopers S.p.A.
Subsidiaries
Rete Pricewaterhousecoopers S.p.A.
Subsidiaries
Other services Pricewaterhousecoopers S.p.A. Luxottica Group SpA 311,352
Pricewaterhousecoopers S.p.A. Subsidiaries (*)
Rete Pricewaterhousecoopers S.p.A.
Subsidiaries
757,597
Total 8,569,293
(*) Includes certification 404 Sarbanes Oxley Act.