The net financial position, in accordance with the terms of Consob resolution no. 6064293 of July 28 2006, can be broken down as follows:
|
(in thousands of euro) |
31.12.2010 |
31.12.2009 |
|
|
A. |
Cash and bank deposits |
171,615 |
172,613 |
|
B. |
Other cash equivalents |
-- |
-- |
|
C. |
Securities held for trading |
60,675 |
101,584 |
|
D. |
Cash and cash equivalents (A) + (B) + (C) |
232,290 |
274,197 |
|
E. |
Current financial receivables |
-- |
1,418 |
|
F. |
Current bank borrowings |
-- |
-- |
|
G. |
Current part of non-current borrowings |
-- |
-- |
|
H. |
Other current borrowings from related parties |
-- |
-- |
|
I. |
Current financial debt (F) + (G) + (H) |
-- |
-- |
|
J. |
Net current financial position (I) + (E) + (D) |
232,290 |
275,615 |
|
K. |
Non-current bank borrowings |
-- |
-- |
|
L. |
Bonds and notes issued |
(297,404) |
(296,169) |
|
M. |
Other non-current payables |
-- |
-- |
|
N. |
Non-current financial debt (K) + (L) + (M) |
(297,404) |
(296,169) |
|
O. |
Net financial position (J) + (N) |
(65,114) |
(20,554) |