Headquarters: MANTUA
Share capital at 31.12.2010: € 60,397,475.84
STATEMENT OF FINANCIAL POSITION
(in euro)
|
ASSETS |
31.12.2010 |
31.12.2009 |
|
|
CURRENT ASSETS |
|||
|
Cash and cash equivalents |
14.801.682 |
62.703.224 |
|
|
Centralized treasury accounts with subsidiaries |
3.377.956 |
8.770.246 |
|
|
Other financial assets |
85.769 |
12.519 |
|
|
Loans and financial receivables classifiable as loans to subsidiaries |
9.400.000 |
2.300.000 |
|
|
WORKING CAPITAL |
|||
|
Trade receivables |
4.188.363 |
3.746.442 |
|
|
of which with subsidiaries |
2.234.817 |
1.915.019 |
|
|
of which with parent company |
1.953.546 |
1.831.423 |
|
|
Other receivables |
59.887 |
60.871 |
|
|
Tax receivables |
278.986 |
240.025 |
|
|
Other assets |
932.137 |
837.603 |
|
|
of which with subsidiaries |
-- |
97.214 |
|
|
TOTAL WORKING CAPITAL ASSETS |
5.459.373 |
4.884.941 |
|
|
TOTAL CURRENT ASSETS |
33.124.780 |
78.670.930 |
|
|
NON-CURRENT ASSETS |
|||
|
FIXED ASSETS |
|||
|
Investment property: land |
12.154.000 |
12.154.000 |
|
|
Investment property: other properties |
14.865.000 |
14.865.000 |
|
|
Other tangible assets |
34.191 |
48.966 |
|
|
Intangible assets |
115.181 |
108.937 |
|
|
TOTAL FIXED ASSETS |
27.168.372 |
27.176.903 |
|
|
OTHER NON-CURRENT ASSETS |
|||
|
Investments in subsidiaries |
268.888.918 |
271.865.092 |
|
|
Other available-for-sale financial assets |
1.766 |
2.553 |
|
|
Loans and financial receivables classifiable as loans to subsidiaries |
101.279.050 |
108.551.466 |
|
|
of which with subsidiaries |
101.279.050 |
108.491.425 |
|
|
of which other medium long term assets - derivatives |
-- |
60.041 |
|
|
Other receivables |
18.798 |
19.918 |
|
|
Deferred tax assets |
1.334.779 |
1.419.383 |
|
|
TOTAL OTHER NON-CURRENT ASSETS |
371.523.311 |
381.858.412 |
|
|
TOTAL NON-CURRENT ASSETS |
398.691.683 |
409.035.315 |
|
|
TOTAL ASSETS |
431.816.463 |
487.706.245 |
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
31.12.2010 |
31.12.2009 |
|
|
CURRENT LIABILITIES |
|||
|
Current bank borrowings |
30.160.449 |
1.904 |
|
|
Centralized treasury accounts with subsidiaries |
49.196.825 |
63.757.056 |
|
|
Current part of long-term loans and other loans |
33.817.361 |
55.543.919 |
|
|
of which with subsidiaries |
-- |
21.050 |
|
|
TOTAL SHORT-TERM BORROWINGS |
113.174.635 |
119.302.879 |
|
|
Other financial liabilities - derviatives |
153.573 |
1.000.039 |
|
|
TOTAL SHORT-TERM BORROWINGS AND DERIVATIVES |
113.328.208 |
120.302.918 |
|
|
Trade payables and other payables |
3.954.081 |
3.748.089 |
|
|
of which with subsidiaries |
78.094 |
44.383 |
|
|
of which with parent company |
262.673 |
-- |
|
|
Tax payables |
254.104 |
182.139 |
|
|
Other current liabilities |
48.018 |
37.885 |
|
|
TOTAL CURRENT LIABILITIES |
117.584.411 |
124.271.031 |
|
|
NON-CURRENT LIABILITIES |
|||
|
MEDIUM LONG TERM BORROWINGS AND DERIVATIVES |
|||
|
Bank borrowings |
133.050.501 |
196.020.895 |
|
|
TOTAL MEDIUM LONG TERM BORROWINGS |
133.050.501 |
196.020.895 |
|
|
Other medium long term financial liabiities - derivatives |
2.042.215 |
2.123.891 |
|
|
TOTAL MEDIUM LONG TERM BORROWINGS AND DERIVATIVES |
135.092.716 |
198.144.786 |
|
|
OTHER LONG TERM LIABILITIES |
|||
|
Long term provisions |
1.052.016 |
1.094.761 |
|
|
Deferred taxes |
495.535 |
510.089 |
|
|
TOTAL OTHER LONG TERM LIABILITIES |
1.547.551 |
1.604.850 |
|
|
TOTAL NON-CURRENT LIABILITIES |
136.640.267 |
199.749.636 |
|
|
SHAREHOLDERS' EQUITY |
|||
|
Share capital |
60.546.196 |
60.397.476 |
|
|
Reserves and retained earnings (losses) |
104.600.842 |
69.886.976 |
|
|
Net income (loss) for the year |
12.444.747 |
33.401.126 |
|
|
TOTAL SHAREHOLDERS' EQUITY |
177.591.785 |
163.685.578 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
431.816.463 |
487.706.245 |
SOGEFI S.p.A.
Headquarters: MANTUA
Share capital at 31.12.2010: € 60,397,475.84
INCOME STATEMENT
(in euro)
|
|
2010 |
2009 |
|
|
FINANCIAL INCOME AND EXPENSE |
|||
|
1) Income from investments |
|||
|
- dividends and other income from subsidiaries |
12.072.992 |
40.013.682 |
|
|
- dividends and other income from other companies |
-- |
27 |
|
|
TOTAL |
12.072.992 |
40.013.709 |
|
|
2) Other financial income |
|||
|
- from securities recorded in current assets as available for trading |
-- |
-- |
|
|
- income other than the above |
|||
|
interest and commissions from subsidiaries |
4.284.340 |
3.941.743 |
|
|
interest and commissions from others and sundry income |
79.812 |
121.400 |
|
|
foreign exchange gains |
1.563.164 |
1.682.693 |
|
|
TOTAL |
5.927.316 |
5.745.836 |
|
|
3) Interest expense and other financial expense |
|||
|
- with subsidiaries |
224.987 |
369.151 |
|
|
- with others |
6.916.111 |
8.132.466 |
|
|
- foreign exchange losses |
1.442.174 |
1.707.963 |
|
|
TOTAL |
8.583.272 |
10.209.580 |
|
|
ADJUSTMENTS TO THE VALUE OF FINANCIAL ASSETS |
|||
|
4) Write-ups |
-- |
-- |
|
|
5) Write-downs |
-- |
-- |
|
|
TOTAL VALUE ADJUSTMENTS |
-- |
-- |
|
|
6) OTHER OPERATING INCOME |
11.708.728 |
9.764.019 |
|
|
of which from subsidiaries |
11.638.323 |
9.699.875 |
|
|
OTHER OPERATING COSTS |
|||
|
7) Non-financial services |
5.375.238 |
4.151.548 |
|
|
of which from subsidiaries |
41.603 |
66.935 |
|
|
of which from parent company |
1.860.000 |
1.850.000 |
|
|
8) Lease and rental costs |
3.979.642 |
3.811.286 |
|
|
9) Personnel costs |
6.259.452 |
4.741.075 |
|
|
10) Amortization, depreciation & write-downs |
41.634 |
34.017 |
|
|
11) Risk provisions |
-- |
-- |
|
|
12) Other provisions |
-- |
-- |
|
|
13) Miscellaneous operating costs |
1.016.286 |
892.383 |
|
|
TOTAL OTHER OPERATING COSTS |
16.672.252 |
13.630.309 |
|
|
INCOME FROM OPERATING ACTIVITIES |
4.453.512 |
31.683.675 |
|
|
NON-OPERATING INCOME AND EXPENSE |
|||
|
14) Income |
6.529.441 |
100.000 |
|
|
15) Expense |
-- |
-- |
|
|
of which non-recurring expense with third parties |
-- |
-- |
|
|
of which non-recurring expense with parent company |
-- |
-- |
|
|
NON-OPERATING INCOME (LOSS) |
6.529.441 |
100.000 |
|
|
RESULT BEFORE TAXES |
10.982.953 |
31.783.675 |
|
|
16) Income taxes for the year |
(1.461.794) |
(1.617.451) |
|
|
NET INCOME FOR THE YEAR |
12.444.747 |
33.401.126 |