LensCrafters 2015 Annual Report Download - page 214

Notes to the separate financial statements as of December 31, 2015 Page 34 of 77
12/31/2014 Within
12 months
Beyond
12 months
Beyond
5 years
Total
Subsidiaries 124,204,533 - - 124,204,533
Suppliers 209,944,663 - - 209,944,663
Total 334,149,196
-
- 334,149,196
"Accounts payables to subsidiaries" mostly comprise amounts owed to:
• Luxottica Leasing S.r.l., for Euro 7.9 million;
• Luxottica S.r.l., for Euro 46.9 million;
• Luxottica Trading & Finance, for Euro 31.2 million;
• Oakley Inc., for Euro 34 million;
• Luxottica US Holdings, for Euro 6 million.
The balance also includes invoices to be received from:
• Luxottica Retail Australia Pty, for Euro 8.1 million;
• Oakley, for Euro 3.3 million;
• Luxottica South East Asia Pte Ltd, for Euro 3.2 million;
• Mikli Diffusion France, for Euro 3 million;
• Oakley Sport International S.r.l., for Euro 3 million;
• Luxottica U.S. Holdings, for Euro 1.4 million;
• Oliver People, for Euro 1.8 million.
"Accounts payable to suppliers" are presented net of trade discounts and consist of:
• Euro 129.6 million, owed to Italian suppliers;
• Euro 24.3 million, owed to foreign suppliers;
• Euro 8 million in credit notes receivable and
• the remainder in invoices to be received, from Italian and foreign suppliers.
Foreign currency accounts payable are adjusted to year-end exchange rates and the resulting gains and losses are
recognized in the statement of income as "Foreign currency hedge and exchange difference gains/losses".
The Company does not have any accounts payable for transactions in which substantially all the risks and rewards of
ownership are not transferred.