LensCrafters 2015 Annual Report Download - page 242

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Notes to the separate financial statements as of December 31, 2015 Page 62 of 77
SUNGLASS HUT FRANCE
SASU
-
3,599,986
-
-
-
-
SUNGLASS HUT IBERIA
SLU
32,939,519
-
6,000,000
-
29,591
9,709
SUNGLASS HUT IRELAND
LIMITED
-
5,052,391
-
-
-
-
SUNGLASS HUT
NETHERLANDS BV
214,665
4,280,258
-
-
260
62
SUNGLASS HUT
PORTUGAL SA
-
-
1,450,000
-
-
-
SUNGLASS HUT RETAIL
NAMIBIA (PTY) LTD
-
-
58,987
-
-
-
SUNGLASS HUT RETAIL
SOUTH AFRICA (PTY) LTD
-
-
471,893
-
-
-
SUNGLASS TIME (EUROPE)
LIMITED
544,996
-
-
-
192
Totale
395,710,693
630,920.241
1,190,064,124
-
10,522,321
94,377,965
(*) The guarantees of Euro 37,925,476 given by Luxottica Group S.p.A. are split between Luxottica Hong Kong Wholesale Ltd, Luxottica
Retail
Hong Kong Ltd and Sunglass Hut Hong Kong Ltd.
(**) The guarantees of Euro 8,950,000 given by Luxottica Group S.p.A. are split between Luxottica India Eyewear Private Ltd. and Rayban
Sun
Optics India Ltd.
(***) These guarantees have been given by Luxottica Group S.p.A. for all of the following companies: Luxottica (China) Investment Co.
Ltd, GuangZhou Ming Long Optical Technology Co. Ltd, SPV Zeta Optical Commercial and Trading (Shanghai) Co. Ltd., SPV Zeta Optical
Trading (Beijing) Co. Ltd, Luxottica (Shanghai) Trading Co. Ltd and Luxottica Tristar (Dongguan) Optical Co. Ltd.
Transactions between Luxottica Group companies do not include any transactions falling outside the normal
course of business, are basically trade or financial in nature, and are conducted on an arm's length basis.
Such transactions were governed through until December 31, 2015 by the "Procedure for related party
transactions" approved by the Board of Directors on October 25, 2010.
With reference to the transfer prices applied to cross-border transactions during the current year between
companies belonging to the Luxottica Group, it is confirmed that these comply with the principle of free
competition in accordance with Section 110, par. 7 of Italian Presidential Decree 917/1986 and with the "OECD
transfer pricing guidelines for Multinational Enterprises and Tax Administrations".
It is also noted that every year since 2012 the Company has prepared a report in compliance with Section 26 of
Italian Law 122, published on July 30, 2010 and with the ruling by the Italian Revenue Service dated September
29, 2010.
The following list provides details of the criteria actually used to determine transfer prices, within the meaning
and for the purposes of Section 7, Italian Legislative Decree 74/2000: