Annual Report and Consolidated Account
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E. RELATED PARTY TRANSACTIONS
I. Control procedures and mechanisms
89. Mechanisms implemented by the Company
for purposes of monitoring of transactions with
related parties (for this purpose refers to the
concept resulting from IAS 24).
The Audit Committee has approved the criteria for a
previous evaluation of the transactions between the
Company and holders of qualified shareholdings or
entities related to them, within the terms of art. 20 of
the Securities Code, require prior assessment. The cri-
teria has been defined as a transaction value equal to
five per cent or more of the consolidated net assets of
Ibersol SGPS, SA.
90. Statement of the transactions that were
subject to control in the reference year.
No businesses or transactions were entered into that
required such prior assessment.
91. Description of the procedures and criteria for
intervention by the Authority for the purpose
of preliminary assessment of the business
carried out between the Company and holders
of qualifying holdings or entities that are in a
relationship with them, under Article 20. of CVM.
The Audit Committee was not required to issue any
opinion in 2014, given no liability transactions were
entered into that required its opinion.
The procedures for intervention by the Audit Commit-
tee in the preliminary assessment of any business to
be held between the company and holders of qualify-
ing holdings follows the rules of the respective Regu-
lation of the Supervisory Board, published in www.
ibersol.pt;
II. Elements related to transactions
92. Locationwhere the financial statements
and the information about transactions with
subsidiaries can be found (in accordance of IAS 24).
Information on transactions with related parties is
provided in Note 25 of the Annex to the individual fi-
nancial statements and Note 34 of the Annex to the
consolidated financial statements.
