Headquarters in Milan: Via Ciovassino 1
Share capital at December 31 2010: € 6,375,000.00
STATEMENT OF FINANCIAL POSITION
(in euro)
|
ASSETS |
|
|
|
31.12.2010 |
31.12.2009 |
|||
|
A) |
RECEIVABLES FROM SHAREHOLDERS FOR PAYMENTS STILL DUE |
-- |
-- |
|||||
|
B) |
FIXED ASSETS |
|||||||
|
I |
Intangible assets |
-- |
-- |
|||||
|
II |
Tangible assets |
|||||||
|
Plant and machinery |
159 |
225 |
||||||
|
|
|
|
Other assets |
|
1.357 |
-- |
||
|
Total tangible assets |
1.516 |
225 |
||||||
|
III |
Financial assets |
|||||||
|
|
|
|
Investments in subsidiaries |
|
-- |
-- |
||
|
|
Total financial assets |
|
-- |
-- |
||||
|
TOTAL FIXED ASSETS |
|
1.516 |
225 |
|||||
|
C) |
CURRENT ASSETS |
|||||||
|
I |
Inventories |
-- |
-- |
|||||
|
II |
Receivables |
** |
||||||
|
Subsidiaries |
-- |
-- |
-- |
|||||
|
Parent companies |
-- |
-- |
-- |
|||||
|
|
|
|
Others |
-- |
61.152 |
48.550 |
||
|
Total receivables |
-- |
61.152 |
48.550 |
|||||
|
III |
Financial assets not classified as fixed assets |
|||||||
|
Other equity investments |
14.848.836 |
-- |
||||||
|
|
|
|
Other securities |
|
94.732.471 |
109.647.851 |
||
|
Total financial assets |
109.581.307 |
109.647.851 |
||||||
|
IV |
Cash & cash equivalents |
|||||||
|
Bank and Post Office deposits |
59.678.125 |
965.945 |
||||||
|
|
|
|
Cash and valuables on hand |
|
237 |
135 |
||
|
|
Total cash and cash equivalents |
|
59.678.362 |
966.080 |
||||
|
TOTAL CURRENT ASSETS |
169.320.821 |
110.662.481 |
||||||
|
D) |
ACCRUED INCOME AND PREPAID EXPENSE |
|
|
|
||||
|
|
|
|
Other accrued income & prepaid expense |
|
2.958 |
1.905 |
||
|
TOTAL ACCRUED INCOME AND PREPAID EXPENSE |
|
2.958 |
1.905 |
|||||
|
TOTAL ASSETS |
|
169.325.295 |
110.664.611 |
|||||
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
31.12.2010 |
31.12.2009 |
|||||
|
A) |
SHAREHOLDERS' EQUITY |
|||||||
|
I |
Capital |
6.375.000 |
5.000.000 |
|||||
|
II |
Share premium reserve |
157.105.000 |
103.480.000 |
|||||
|
III |
Revaluation reserves |
-- |
-- |
|||||
|
IV |
Legal reserve |
146.908 |
102.576 |
|||||
|
V |
Reserve for own shares held |
-- |
-- |
|||||
|
VI |
Statutory reserves |
-- |
-- |
|||||
|
VII |
Other reserves |
-- |
-- |
|||||
|
VIII |
Retained earnings (losses) |
1.007.961 |
165.642 |
|||||
|
|
IX |
Net income (loss) for the year |
|
3.989.623 |
886.651 |
|||
|
TOTAL SHAREHOLDERS' EQUITY |
|
168.624.492 |
109.634.869 |
|||||
|
B) |
PROVISIONS FOR RISKS AND LOSSES |
|||||||
|
|
|
Other |
|
|
177.003 |
44.644 |
||
|
TOTAL PROVISIONS FOR RISKS AND LOSSES |
177.003 |
44.644 |
||||||
|
C) |
EMPLOYEE LEAVING INDEMNITY (TFR) |
|
34.373 |
26.679 |
||||
|
D) |
ACCOUNTS PAYABLE |
** |
||||||
|
Suppliers |
-- |
1.504 |
1.159 |
|||||
|
Parent companies |
-- |
-- |
810.000 |
|||||
|
Tax payables |
-- |
25.130 |
85.877 |
|||||
|
Social security payables |
-- |
16.924 |
15.745 |
|||||
|
|
|
Other payables |
-- |
445.869 |
45.638 |
|||
|
TOTAL PAYABLES |
-- |
489.427 |
958.419 |
|||||
|
E) |
ACCRUED EXPENSE AND DEFERRED INCOME |
|
-- |
-- |
||||
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
|
169.325.295 |
110.664.611 |
|||||
DRY PRODUCTS S.p.A.
Headquarters in Milan: Via Ciovassino 1
Share capital at December 31 2010: € 6,375,000.00
INCOME STATEMENT
(in euro)
|
|
|
|
|
|
|
|
2010 |
|
1/4/2009-31/12/2009 |
||
|
A) |
VALUE OF PRODUCTION |
||||||||||
|
|
|
Other revenues and income |
|
327.716 |
|
234.464 |
|||||
|
TOTAL VALUE OF PRODUCTION |
|
327.716 |
|
234.464 |
|||||||
|
B) |
COSTS OF PRODUCTION |
||||||||||
|
Services |
81.674 |
56.968 |
|||||||||
|
Lease and rental expense |
14.982 |
11.218 |
|||||||||
|
Personnel costs: |
|||||||||||
|
Salaries and wages |
200.379 |
144.925 |
|||||||||
|
Social contributions |
67.174 |
46.849 |
|||||||||
|
|
Leaving indemnity |
|
13.904 |
|
12.348 |
|
|||||
|
Total personnel costs |
281.457 |
204.122 |
|||||||||
|
Amortization, depreciation & writedowns |
261 |
99 |
|||||||||
|
Risk provisions |
132.359 |
44.644 |
|||||||||
|
|
|
Miscellaneous operating costs |
|
36.689 |
|
24.882 |
|||||
|
TOTAL COSTS OF PRODUCTION |
|
547.422 |
|
341.933 |
|||||||
|
OPERATING INCOME (LOSS) |
|
|
(219.706) |
|
(107.469) |
||||||
|
C) |
FINANCIAL INCOME AND EXPENSE |
||||||||||
|
Income from equity investments: |
|||||||||||
|
|
from other companies |
18.100 |
|
-- |
|
||||||
|
Total income from equity investments |
18.100 |
-- |
|||||||||
|
Other financial income: |
|||||||||||
|
From securities recorded in current assets |
|||||||||||
|
which are not equity investments |
4.951.803 |
1.364.679 |
|||||||||
|
Income other than the above |
|||||||||||
|
|
|
Interest and commissions from others & sundry income |
94.668 |
|
12.731 |
|
|||||
|
Total other financial income |
5.046.471 |
1.377.410 |
|||||||||
|
Interest and other financial expense: |
|||||||||||
|
|
Others |
|
74.300 |
|
739 |
|
|||||
|
|
|
Total interest and other financial expense |
|
74.300 |
|
739 |
|||||
|
|
|
Foreign exchange gains and losses |
|
378.518 |
|
6 |
|||||
|
TOTAL FINANCIAL INCOME AND EXPENSE |
|
5.368.789 |
|
1.376.677 |
|||||||
|
D) |
ADJUSTMENTS TO THE VALUE OF FINANCIAL ASSETS |
||||||||||
|
Write-ups: |
|||||||||||
|
of equity investments |
-- |
-- |
|||||||||
|
Write-downs: |
|||||||||||
|
of equity investments |
512.538 |
-- |
|||||||||
|
of securities recorded in current assets |
|||||||||||
|
|
|
|
which are not equity investments |
642.096 |
|
358.489 |
|
||||
|
TOTAL ADJUSTMENTS TO THE VALUE OF FINANCIAL ASSETS |
(1.154.634) |
|
(358.489) |
||||||||
|
E) |
EXTRAORDINARY INCOME AND EXPENSE |
||||||||||
|
Income: |
|||||||||||
|
Other income |
3.242 |
-- |
|||||||||
|
Expense: |
|||||||||||
|
Capital losses on disposals |
-- |
-- |
|||||||||
|
|
|
|
Other expenses |
|
-- |
|
18.557 |
|
|||
|
TOTAL EXTRAORDINARY INCOME AND EXPENSE |
|
3.242 |
|
(18.557) |
|||||||
|
RESULT BEFORE TAXES |
3.997.691 |
892.162 |
|||||||||
|
|
Income taxes for the year |
|
(8.068) |
|
(5.511) |
||||||
|
|
Net income (loss) for the year |
|
3.989.623 |
|
886.651 |
||||||