Reconciliation between the Holding Company's Statutory Financial statements and the Consolidated financial statements


The following is a reconciliation of the Group’s net result and equity at the end of the year with the equivalent figures for the Holding Company:

Net result for the year

(in millions of Euro) 2013 2012 (*)
Net result per Sogefi S.p.A. financial statements 15.9 6.2
Group share of results of subsidiary companies included in the consolidated financial statements 32.0 36.0
Writedowns/Gains of equity investments in Sogefi S.p.A. - 5.8
Elimination of Sogefi S.p.A. dividends (34.9) (21.4)
Elimination of unrealized gains deriving from intercompany transactions and other consolidation adjustments, net of the related deferred taxation 8.1 1.6
NET RESULT PER CONSOLIDATED FINANCIAL STATEMENTS 21.1 28.2

(*) Certain values as at December 31, 2012 were redetermined after the application of the amendement to IAS 19 - Employee Benefits.

Shareholders' equity

(in millions of Euro) 12.31.2013 12.31.2012 (*)
Shareholders' equity per Sogefi S.p.A. financial statements 155.8 154.0
Group share of excess equity value of investments in consolidated companies over carrying value in Sogefi S.p.A. financial statements (22.0) (0.2)
Elimination of unrealized gains deriving from intercompany transactions and other consolidation adjustments, net of the related deferred taxation 34.7 26.6
SHAREHOLDERS' EQUITY PER CONSOLIDATED FINANCIAL STATEMENTS 168.5 180.4

(*) Certain values as at December 31, 2012 were redetermined after the application of the amendement to IAS 19 - Employee Benefits.