Group companies follow the criteria set out below in recognising official subsidies:

– Non-reimbursable capital subsidies (connected with assets) are valued at the amount granted, recognised as deferred income and taken into profit and loss in proportion to the depreciation of the assets financed by such subsidies during the financial year.

– Operating subsidies are recorded depending on the grounds for them being granted, either as a reduction in the expenses they finance, or as other operating income.