(Art. 2497-bis paragraph 4 Civil Code)
STATEMENT OF FINANCIAL POSITION
(in euro)
|
ASSETS |
31.12.2009 |
|
NON-CURRENT ASSETS |
579,513,313 |
|
CURRENT ASSETS |
108,462,938 |
|
TOTAL ASSETS |
687,976,251 |
|
|
|
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
31.12.2009 |
|
SHAREHOLDERS’ EQUITY |
565,701,804 |
|
NON-CURRENT LIABILITIES |
60,234,150 |
|
CURRENT LIABILITIES |
62,040,297 |
|
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
687,976,251 |
INCOME STATEMENT
(in euro)
|
|
|
%(**) |
2009 |
|
SUNDRY REVENUES AND INCOME |
|
|
1,572,426 |
|
of which from related parties (*) |
1,531,360 |
97.4 |
|
|
COSTS FOR PURCHASE OF GOODS |
|
|
(57,570) |
|
COSTS FOR SERVICES |
|
|
(2,657,383) |
|
of which from related parties (*) |
(634,800) |
23.9 |
|
|
PERSONNEL COSTS |
|
|
(1,057,823) |
|
OTHER OPERATING COSTS |
|
|
(470,177) |
|
AMORTIZATION, DEPRECIATION AND WRITE-DOWNS |
|
|
(75,861) |
|
OPERATING RESULT |
|
|
(2,746,388) |
|
|
|
|
|
|
FINANCIAL INCOME |
|
|
1,468,532 |
|
of which from related parties (*) |
365,852 |
24.9 |
|
|
FINANCIAL EXPENSE |
|
|
(3,959,074) |
|
DIVIDENDS |
|
|
7,271,548 |
|
of which from related parties (*) |
7,271,548 |
100.0 |
|
|
GAINS FROM TRADING SECURITIES |
|
|
333,661 |
|
of which: from related parties (*) |
172,661 |
51.7 |
|
|
LOSSES FROM TRADING SECURITIES |
|
|
(766,483) |
|
ADJUSTMENTS TO THE VALUE OF FINANCIAL ASSETS |
|
|
(224,508) |
|
INCOME / LOSS BEFORE TAXES |
|
|
1,377,288 |
|
INCOME TAXES |
|
|
-- |
|
NET INCOME (LOSS) FOR THE YEAR |
|
|
1,377,288 |
(*) As per Consob resolution no. 6064293 of July 28 2006
(**) Percentage of the whole
The financial highlights of the parent company COFIDE S.p.A. are shown in the chart above, which is required by Article 2497-bis of the Civil Code. The figures were extrapolated from the financial statements of that company for the year ended December 31 2009. For a correct and full understanding of the equity and financial situation of COFIDE S.p.A. at December 31 2009, and of the results the company obtained in the year ended as of that date, we would refer readers to the financial statements in question which of course include the Report of the Statutory Auditors and that of the Independent Auditors and are available at the Company offices or from Borsa Italiana.