KOS S.p.A.

Headquarters: MILAN

Share capital at 31.12.2010: € 7,747,160.00

 

STATEMENT OF FINANCIAL POSITION

(in euro)

 

ASSETS

31.12.2010

31.12.2009

NON-CURRENT ASSETS

126.473.994

116.066.903

INTANGIBLE ASSETS

140.278

212.928

TANGIBLE ASSETS

12.950.913

13.605.651

EQUITY INVESTMENTS

113.093.136

102.127.082

OTHER RECEIVABLES

13.128

14.936

DEFERRED TAXES

276.539

106.306

CURRENT ASSETS

88.180.875

42.599.458

RECEIVABLES WITH PARENT COMPANY

1.635.021

1.567.684

TRADE RECEIVABLES

--

21.000

TRADE RECEIVABLES - PARENT COMPANY

2.406.978

3.101.670

OTHER RECEIVABLES

765.036

4.857.120

FINANCIAL RECEIVABLES

3.132.220

3.268.787

FINANCIAL RECEIVABLES - PARENT COMPANY

36.812.186

27.208.190

CASH & CASH EQUIVALENTS

43.429.434

2.575.007

TOTAL ASSETS

214.654.869

158.666.361

LIABILITIES AND SHAREHOLDERS' EQUITY

31.12.2010

31.12.2009

SHAREHOLDERS' EQUITY

163.116.414

133.616.563

SHARE CAPITAL

7.747.161

6.479.972

RESERVES

178.541.376

146.213.487

RETAINED EARNINGS (LOSSES)

(18.146.267)

(12.612.005)

RESULT FOR THE YEAR NET INCOME/(LOSS)

(5.025.856)

(6.464.891)

NON-CURRENT LIABILITIES

37.893.761

19.557.513

OTHER BORROWINGS

37.737.677

19.431.917

DEFERRED TAXES

1.112

--

PERSONNEL PROVISIONS

154.972

125.596

CURRENT LIABILITIES

13.644.694

5.492.285

OTHER BORROWINGS

5.916.248

3.990.968

TRADE PAYABLES - SUBSIDIARIES

13.179

91.392

TRADE PAYABLES

1.300.083

701.064

OTHER PAYABLES

6.415.184

 

708.861


KOS S.p.A.

Headquarters: MILAN

Share capital at 31.12.2010: € 7,747,160.00

 

INCOME STATEMENT

(in euro)

 

 

2010

2009

REVENUES

886.352

817.286

COSTS FOR PURCHASE OF GOODS

(15.033)

(25.528)

COSTS FOR SERVICES

(3.675.383)

(2.177.698)

PERSONNEL COSTS

(2.119.548)

(3.209.374)

OTHER OPERATING INCOME

71.833

47.711

OTHER OPERATING EXPENSE

(367.327)

(216.833)

AMORTIZATION, DEPRECIATION & WRITEDOWNS OF FIXED

ASSETS AND OTHER WRITEDOWNS

(902.029)

(1.056.825)

OPERATING RESULT (EBIT)

(6.121.135)

(5.821.261)

FINANCIAL INCOME

2.510.509

5.445.286

FINANCIAL EXPENSE

(2.934.717)

(5.328.899)

DIVIDENDS

1.000.000

287.662

ADJUSTMENTS TO VALUE OF FINANCIAL ASSETS

(1.268.946)

(2.638.825)

INCOME / (LOSS) BEFORE TAXES

(6.814.289)

(8.056.037)

INCOME TAXES

1.788.433

1.591.146

NET INCOME/(LOSS) FOR THE YEAR

(5.025.856)

(6.464.891)

Statement of comprehensive income

(5.025.856)

(6.464.891)

INCOME (LOSS) recognized to Reserve

(fv hedging derivatives)

(22.514)

(32.696)

COMPREHENSIVE INCOME (LOSS)

(5.048.370)

(6.497.587)