The consolidated financial statements as of December 31 2010 and the consolidated financial statements for the previous year of the Group are the result of the consolidation at those dates of the Parent Company CIR and of all the companies directly or indirectly controlled, jointly controlled or associated, with the exception of any companies being wound up. Assets and liabilities scheduled for disposal are reclassified in the items of assets and liabilities that show such an eventuality.
In 2010 the assets held for disposal referred to properties belonging to the Sogefi group that are scheduled to be sold in 2011.
The list of shareholdings included in the consolidation area, with an indication of the consolidation method used, and of those not included is given in the appropriate section of this booklet.