Attachment


ANNEX: NOTES RECONCILING THE FINANCIAL STATEMENTS SHOWN IN THE DIRECTORS' REPORT AND THE FINANCIAL STATEMENTS CONTAINED IN THE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AND THE HOLDING COMPANY'S STATUTORY FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IAS/IFRS

 

Notes relating to the Consolidated Financial Statements

(a) the heading agrees with “Total working capital” in the Consolidated Statement of Financial Position;
(b) the heading agrees with the sum of the line items “Trade and other payables”, “Tax payables” and “Other current liabilities” in the Consolidated Statement of Financial Position;
(c) the heading agrees with the sum of the line items “Investments in joint ventures” and “Other financial assets available for sale” in the Consolidated Statement of Financial Position;
(d) the heading agrees with the sum of the line items “Total fixed assets”, “Other receivables”, “Non-current trade receivables”, “Deferred tax assets” and “Non-current assets held for sale” in the Consolidated Statement of Financial Position;
(e) the heading agrees with the line item "Total other long-term liabilities" in the Consolidated Statement of Financial Position;
(f) the heading agrees with the sum of the line items “Net result”, “Non-controlling interests”, “Depreciation, amortisation and writedowns”, “Accrued costs for stock-based incentive plans”, “Losses/(gains) on equity investments in associates and joint ventures”, “Provisions for risks, restructuring and deferred taxes” and “Post-retirement and other employee benefits” in the Consolidated Cash Flow Statement;
(g) the heading agrees with the sum of the line items of the Consolidated Cash Flow Statement “Exchange differences on private placement”, “Recognition in the income statement of the fair value reserve in cash flow hedge” and “Other medium/long term assets/liabilities” in the Consolidated Cash Flow Statement, excluding movements relating to financial receivables/payables and movements in Income Statement, of the fair value reserve no longer in hedge accounting;
(h) the heading corresponds to the line item “Sale of subsidiaries (net of cash and cash equivalents) and associates” in the Consolidated Cash Flow Statement;
(i) the heading agrees with the sum of the line items “Losses/(gains) on disposal of fixed assets and non-current assets held for sale”, “Sale of property, plant and equipment” and “Sale of intangible assets” in the consolidated cash flow statement;
(l) the heading agrees with the line items “Exchange differences” in the consolidated cash flow statement, excluding exchange differences on medium/long-term financial receivables and payables;
(m) these headings differ from those shown in the consolidated cash flow statement as they refer to the total net financial position and not just to cash and cash equivalents.

Notes relating to the Holding Company's Statutory Financial Statements

(n) the heading agrees with “Total working capital” (“Totale attivo circolante operativo”) in the Holding Company's statutory Statement Of Financial Position;
(o) the heading agrees with the sum of the line items “Trade and other payables” (“Debiti commerciali e altri debiti”), “Tax payables” (“Debiti per imposte”) and “Other current liabilities” (“Altre passività correnti”) in the Holding Company's statutory Statement Of Financial Position;
(p) the heading agrees with the sum of the line items “Equity investments in subsidiaries” (“Partecipazioni in società controllate”), “Equity investments in associates” (“Partecipazioni in società collegate”) and “Other financial assets available for sale” (“Altre attività finanziarie disponibili per la vendita”) in the Holding Company's statutory Statement Of Financial Position;
(q) the heading agrees with the sum of the line items “Total fixed assets” (“Totale immobilizzazioni”), “Other receivables” (“Altri crediti”) and “Deferred tax assets” (“Imposte anticipate”) in the Holding Company's statutory Statement Of Financial Position;
(r) the heading agrees with the line item "Total other long-term liabilities" (“Totale altre passività a lungo termine”) in the Holding Company's statutory Statement Of Financial Position;
(s) the heading agrees with the sum of the line items “Net result” (“Utile netto d’esercizio”), “Write-down of equity investments“ ("Svalutazione partecipazioni"), “Depreciation and amortisation” (“Ammortamenti immobilizzazioni materiali e immateriali”), “Change in fair value of property investments” (“Variazione fair value investimenti immobiliari”), “Accrual to Income Statement for fair value of cash flow hedging instruments” (“Stanziamento a conto economico fair value derivati cash flow hedge”), “Accrued costs for stock-based incentive plans” (“Accantonamenti costi per piani di incentivazione basati su azioni”), “Accrued costs for Phantom Stock Options” (“Accantonamenti costi per Phantom Stock Options”), “Liquidation Phantom Stock Options provision” (“Liquidazione fondo Phantom Stock Options”) and “Net change in provision for employment termination indemnities” (“Variazione netta fondo trattamento di fine rapporto”) as well as the change of deferred tax assets/liabilities included in the line “Other Medium/Long-term assets/liabilities” (“Altre attività/passività a medio lungo termine”) of the Holding Company's statutory Cash Flow Statement;
(t) the heading agrees with the sum of the line items “Change in net working capital” (“Variazione del capitale circolante netto”), “Change in tax receivables/payables” (“Variazione dei crediti/debiti per imposte”) and “Payables for purchases of intangible fixed assets” (“Debiti per acquisti immobilizzazioni immateriali”) of the Holding Company's statutory Cash Flow Statement;
(u) the heading is included in the line item “Other Medium/Long-term assets/liabilities” (“Altre attività/passività a medio lungo termine”) in the Holding Company's statutory cash flow statement, excluding movements relating to financial receivables/payables;
(v) the heading reflects line item "Sale of equity investments" in the Holding Company's Statutory Cash Flow Statement;
(w) these headings differ from those shown in the Holding Company's statutory cash flow statement as they refer to the total net financial position and not just to cash and cash equivalents.