JUPITER FINANCE S.p.A.

Headquarters: MILAN

Share capital at 31.12.2010: € 2,700,000.00

 

STATEMENT OF FINANCIAL POSITION

(in euro)

 

ASSETS

 

31.12.2010

 

31.12.2009

Cash and cash equivalents

1.765

1.424

Receivables

4.543.705

9.432.029

Equity investments

--

915.243

Tangible assets

100.816

138.920

Intangible assets

238.353

326.604

Tax assets

340.799

325.369

a) current

26.277

b) deferred

314.522

325.369

Other assets

 

197.755

 

328.038

TOTAL ASSETS

 

5.423.193

 

11.467.627

LIABILITIES AND SHAREHOLDERS' EQUITY

 

31.12.2010

 

31.12.2009

Payables

 

724.331

 

5.395.759

Tax liabilities

--

20.649

a) current

--

9.275

b) deferred

--

11.374

Other liabilities

1.926.495

2.837.367

Employee leaving indemnity (TFR)

77.918

158.511

Capital

2.700.000

2.100.000

Issuance premiums

--

900.000

Reserves

92.711

40.772

Net income (loss) for the year

 

(98.262)

 

14.569

TOTAL LIABILITIES AND SHAREHOLERS' EQUITY

 

5.423.193

 

11.467.627

 


 

JUPITER FINANCE S.p.A.

Headquarters: MILAN

Share capital at 31.12.2010: € 2,700,000.00

 

INCOME STATEMENT

(in euro)

 

 

 

2010

 

2009

Interest income and similar income

229

1.124

Interest expense and similar expense

 

(354.206)

 

(127.953)

INTEREST MARGIN

 

(353.977)

 

(126.829)

Commission income

3.958.514

4.188.783

Commission expense

 

--

 

--

NET COMMISSIONS

 

3.958.514

 

4.188.783

BROKERAGE MARGINS

 

3.604.537

 

4.061.954

Net adjustments to value for impairment of:

--

(10.113)

a) receivables

--

(10.113)

Administrative costs:

(3.826.002)

(3.763.735)

a) personnel costs

(1.961.621)

(1.983.203)

b) other administrative costs

(1.864.381)

(1.780.532)

Net adjustments to the value of tangible assets

(53.087)

(38.613)

Net adjustments to the value of intangible assets

(202.302)

(170.797)

Other operating income

 

447.136

 

80.824

RESULT OF OPERATING ACTIVITY

 

(29.718)

 

159.520

Net income (loss) from sale of investments

 

--

 

571

INCOME (LOSS) FROM CURRENT ACTIVITY

 

 

 

 

GROSS OF TAXES

 

(29.718)

 

160.091

Income taxes for the year on current operations

 

(68.544)

 

(145.522)

NET INCOME (LOSS) ON CURRENT ACTIVITY

 

 

 

 

NET OF TAXES

 

(98.262)

 

14.569

NET INCOME (LOSS) FOR THE YEAR

 

(98.262)

 

14.569