Table of Contents
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INDEX 4 -
INDEPENDENT AUDITORS’ REPORT ON CONSOLIDATED FINANCIAL STATEMENTS 6 -
CONSOLIDATED MANAGEMENT REPORT 8 -
ANNUAL CORPORATE GOVERNANCE REPORT 17 -
CONSOLIDATED BALANCE SHEETS 56 -
CONSOLIDATED COMPREHENSIVE PROFIT AND LOSS STATEMENTS 58 -
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 59 -
CONSOLIDATED CASH FLOW STATEMENTS 60 -
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 61 -
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1. ACTIVITY AND COMPOSITION OF THE PARENT COMPANY 61 -
2. BASIS OF PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATION PRINCIPLES 61 -
3. DISTRIBUTION OF EARNINGS 66 -
4. VALUATION STANDARDS 66 -
5. ROFIT (LOSS) PER SHARE 73 -
6. GOODWILL 73 -
7. INTANGIBLE ASSETS 75 -
8. TANGIBLE FIXED ASSETS 76 -
9. REAL-ESTATE INVESTMENTS 77 -
10. INVESTMENTS VALUED USING THE EQUITY METHOD 78 -
11. NON-CURRENT FINANCIAL INVESTMENTS 79 -
12. INVENTORIES 80 -
13. TRADE RECEIVABLES 81 -
14. CURRENT FINANCIAL INVESTMENTS 82 -
15. CASH AND CASH EQUIVALENTS 82 -
16. SHAREHOLDERS’ EQUITY 82 -
17. DEBT INSTRUMENTS AND BANK BORROWINGS 85 -
18. OTHER NON-CURRENT LIABILITIES 88 -
19. DERIVATIVE FINANCIAL INSTRUMENTS 89 -
20. SHARE-BASED REMUNERATION SCHEMES 90 -
21. PROVISIONS FOR LIABILITIES AND CHARGES 91 -
22. TAX NOTE 92 -
23. TRADE CREDITORS 97 -
24. INFORMATION ON DEFERRED PAYMENTS TO SUPPLIERS. THIRD ADDITIONAL PROVISION, 97 -
25. OTHER CURRENT LIABILITIES 98 -
26. THIRD-PARTY GUARANTEES AND CONTINGENT ASSETS AND LIABILITIES 98 -
27. INCOME AND EXPENSES 99 -
28. RELATED-PARTY TRANSACTIONS 103 -
29. INFORMATION BY SEGMENTS 106 -
30. REMUNERATION AND OTHER STATEMENTS MADE BY THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT 108 -
31. SUBSEQUENT DISCLOSURES 111 -
32. INFORMATION ON ENVIRONMENTAL POLICY 111 -
33. EXPOSURE TO RISK 111 -
APPENDIX I: SUBSIDIARIES 113 -
APPENDIX II: ASSOCIATED COMPANIES 116
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ANNUAL REPORT OF THE AUDIT COMMITTE 117
