Headquarters: MILAN
Share capital at 31.12.2010: € 119,764.00
STATEMENT OF FINANCIAL POSITION
(in euro)
|
ASSETS |
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|
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|
31.12.2010 |
31.12.2009 |
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A - |
RECEIVABLES FROM SHAREHOLDERS FOR PAYMENTS STILL DUE |
-- |
-- |
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|
B - |
FIXED ASSETS |
-- |
-- |
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|
I |
INTANGIBLE ASSETS |
-- |
-- |
||||||||
|
Start-up and expansion costs |
-- |
-- |
|||||||||
|
Historical cost |
-- |
11.694 |
|||||||||
|
- |
Accumulated amortization |
-- |
(11.694) |
||||||||
|
Concessions, licenses, trademarks & similar rights |
-- |
-- |
|||||||||
|
Historical cost |
-- |
13.800 |
|||||||||
|
- |
Accumulated amortization |
-- |
(13.800) |
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|
II |
TANGIBLE ASSETS |
-- |
-- |
||||||||
|
III |
FINANCIAL ASSETS |
-- |
-- |
||||||||
|
Receivables from others |
-- |
-- |
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|
C - |
CURRENT ASSETS |
106.305 |
113.124 |
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|
I |
INVENTORIES |
-- |
-- |
||||||||
|
II |
RECEIVABLES |
2.336 |
2.631 |
||||||||
|
Tax receivables of which due in over one year |
2.336 |
2.631 |
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|
Other receivables of which due in over one year |
-- |
-- |
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|
III |
FINANCIAL ASSETS NOT CLASSIFIED AS FIXED ASSETS |
-- |
-- |
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|
IV |
CASH AND CASH EQUIVALENTS |
103.969 |
110.493 |
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|
D - |
ACCRUED INCOME AND PREPAID EXPENSE |
|
|
-- |
-- |
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|
TOTAL ASSETS |
|
|
|
|
106.305 |
113.124 |
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|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
31.12.2010 |
31.12.2009 |
||||||||
|
A - |
SHAREHOLDERS' EQUITY |
103.601 |
108.054 |
||||||||
|
I |
Capital |
119.764 |
119.764 |
||||||||
|
II |
Share premium reserve |
-- |
-- |
||||||||
|
III |
Revaluation reserves |
-- |
-- |
||||||||
|
IV |
Legal reserve |
-- |
-- |
||||||||
|
V |
Statutory reserves |
-- |
-- |
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|
VI |
Reserve for own shares held |
-- |
-- |
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VII |
Other reserves |
-- |
-- |
||||||||
|
VIII |
Retained earnings (losses) |
(11.710) |
-- |
||||||||
|
IX |
Net income (loss) for the year |
(4.453) |
(11.710) |
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|
B - |
PROVISIONS FOR RISKS AND LOSSES |
-- |
-- |
||||||||
|
C - |
EMPLOYEE LEAVING INDEMNITY (TFR) |
-- |
-- |
||||||||
|
D - |
ACCOUNTS PAYABLE |
2.704 |
5.070 |
||||||||
|
Payables - suppliers up to one year |
-- |
-- |
|||||||||
|
Tax payables up to one year |
-- |
-- |
|||||||||
|
Social security payables up to one year |
-- |
-- |
|||||||||
|
Other payables up to one year |
2.704 |
5.070 |
|||||||||
|
E - |
ACCRUED EXPENSE AND DEFERRED INCOME |
|
-- |
-- |
|||||||
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
|
106.305 |
113.124 |
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CIRINVEST S.p.A.
Headquarters: MILAN
Share capital at 31.12.2010: € 119,764.00
INCOME STATEMENT
(in euro)
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2010 |
2009 |
|
|
A - |
VALUE OF PRODUCTION |
-- |
-- |
|||||||
|
Other revenues and income |
-- |
-- |
||||||||
|
B - |
COSTS OF PRODUCTION |
(5.234) |
(12.283) |
|||||||
|
Services |
(3.653) |
(7.398) |
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|
- Consulting |
(3.224) |
(6.109) |
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|
- Directors' and Auditors' fees |
-- |
(910) |
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- Other |
(429) |
(379) |
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Lease and rental costs |
-- |
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Personnel costs |
-- |
-- |
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a) Salaries and wages |
-- |
-- |
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b) Social contributions |
-- |
-- |
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c)Employee leaving indemnity (TFR) |
-- |
-- |
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e) Other costs |
-- |
-- |
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Amortization, depreciation & writedowns |
-- |
(2.339) |
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|
a) Amort. of intangible assets |
-- |
(2.339) |
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|
b) Deprec. of tangible assets |
-- |
-- |
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c) Other writedowns of fixed assets |
-- |
-- |
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|
Miscellaneous operating costs |
(1.581) |
(2.546) |
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|
|
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|
|
OPERATING INCOME (LOSS) |
|
|
(5.234) |
(12.283) |
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C - |
FINANCIAL INCOME AND EXPENSE |
781 |
573 |
|||||||
|
Other financial income |
1.074 |
1.265 |
||||||||
|
Interest and other financial expense |
(293) |
(692) |
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|
D - |
ADJUSTMENTS TO THE VALUE OF FINANCIAL ASSETS |
-- |
-- |
|||||||
|
E - |
EXTRAORDINARY INCOME AND EXPENSE |
-- |
-- |
|||||||
|
Income |
-- |
-- |
||||||||
|
|
|
|
|
|
|
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RESULT BEFORE TAXES |
(4.453) |
(11.710) |
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|
|
Income taxes for the year |
|
|
-- |
-- |
|||||
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NET INCOME (LOSS) FOR THE YEAR |
|
|
(4.453) |
(11.710) |
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