At December 31, 2014, four sales and service subsidiaries were not consolidated, their revenues being immaterial both separately and in the aggregate. Most of these subsidiaries’ sales activity is billed directly by the parent company, Lectra SA (see note 10).
OTHER NON CURRENT FINANCIAL ASSETS
“Other non-current ﬁnancial assets” at December 31, 2014 primarily consisted of deposits and guarantees for €909,000 (€824,000 at December 31, 2013), together with the amount (€304,000 at December 31, 2014) placed by the company at the disposal of Exane BNP Paribas, along with company shares under the Liquidity Agreement (see note 15.2). The cumulative amount of all transactions on treasury shares by Exane BNP Paribas under the Liquidity Agreement is shown in additions (in case of sales of shares) and disposals (in case of purchases of shares) of other non-current ﬁnancial assets (see note 15.2). The movements for the period also concern cash exchanged between the company and Exane BNP Paribas, under the Liquidity Agreement managed by the latter.
NOTE 10 RELATED PARTY TRANSACTIONS The amounts below refer to ﬁscal year 2014 or December 31, 2014, as applicable.
Type of transaction Items concerned in consolidated ﬁnancial statements Non-consolidated subsidiaries concerned
Amounts 226 364 407 (802) 59 30 109 (187) (39) (675) (80)
Trade accounts receivable
Lectra Chile SA (Chile) Lectra Philippines Inc. (Philippines) Lectra Israel Ltd (Israel)
Trade payables and other current liabilities Revenues
Lectra Singapore Pte Ltd (Singapore) Lectra Chile SA (Chile) Lectra Israel Ltd (Israel) Lectra Philippines Inc. (Philippines)
Selling, general and administrative expenses Selling, general and administrative expenses Selling, general and administrative expenses
Lectra Singapore Pte Ltd (Singapore) Lectra Philippines Inc. (Philippines) Lectra Singapore Pte Ltd (Singapore) Lectra Singapore Pte Ltd (Singapore)
(1) Amounts between brackets represent a liability in the statement of ﬁnancial position, absence of brackets an asset. (2) Amounts between brackets represent an expense for the year, absence of brackets an income for the year.
All of the parties concerned are non-consolidated subsidiaries acting either as agents or distributors of the company’s products in their respective countries. The transactions in question mainly concern purchases to the parent company for the purposes of their local operations or charges and commissions billed to the parent company in order to cover their overheads when they act as agents, as is generally the case with new systems sales. Transactions with the Board of Directors are limited to compensation details of which are provided in notes 28.6 and 28.7.