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Annual report 2011
92
8 Related parties transactions
EIB is the majority owner of the Fund with 61.9 % (2010: 61.2 %) of the shares. The remaining percentage is held by
the European Commission 30.0 % (2010: 30.0 %) and the Financial Institutions 8.1 % (2010: 8.8 %).
Information relating to key management is disclosed in the note 7.6 relating to general administrative expenses.
8.1 European Investment Bank
Related party transactions with the EIB mainly concern the management by the Fund of the PE activity as described in
notes 6. In addition, the EIB manages the EIF treasury, the IT, the pension fund and other services on behalf of the Fund.
The amounts included in the financial statements and relating to the EIB are disclosed as follows:
EUR
31.12.2011
31.12.2010
ASSETS
Other assets
46 597 333
33 614 684
LIABILITIES AND EQUITY
Other liabilities and provisions
3 651 819
4 943 188
Creditors
2 646 250
3 779 901
Other liabilities and provisions
865 569
1 269 469
Accruals & deferred income
140 000
140 000
Share capital
371 600 000
367 000 000
INCOME
Commission income
13 617 747
12 091 848
Other income
649 536
325 647
EXPENSES
General administrative expenses
9 791 731
8 638 498