PIRELLI - Consolidated Balance Sheet

Consolidated Balance Sheet

ASSETS

(euro mln)	2007	2008	2009	2010	2011	2012



Property, plant and equipment	1,650.5	1,598.0	1,727.4	1,977.1	2,400.7	2,623.4
Intangible assets	672.5	1,046.1	1,047.5	848.8	908.5	1,022.5
Investments in associates and joint ventures	534.2	515.3	593.2	152.9	140.1	113.2
Other financial assets	958.3	527.2	228.1	185.3	127.0	118.1
Deferred tax assets	58.5	72.4	91.2	69.6	198.7	207.1
Other receivables	672.9	701.7	557.2	315.5	347.9	370.2
Tax receivables	12.3	10.3	9.6	10.8	10.2	9.3
Financial instruments	3.8	-	-	-	-	-
Investments properties	-	-	-	-	-	-

	4,563.0	4,471.0	4,254.2	3,560.0	4,133.2	4,463.8

Inventories	776.5	921.1	679.0	692,3	1.036,7	1.102,6
Trade receivables	1,098.9	788.0	735.8	676,7	745,2	704,6
Other receivables	241.5	240.0	197.1	175,0	281,7	341.4
Securities held for trading	114.0	115.8	161.0	209,8	160,5	224.7
Cash and cash equivalents	2,057.7	253.9	632.1	244,7	557,0	679.8
Tax receivables	43.3	46.2	41.5	25,2	29,5	28.2
Financial instruments	58.3	94.0	26.6	35,2	70,3	47.7
	4,390.2	2,459.0	2,473.1	2.058,8	2,881.0	3.129,0


	8,953.2	6,930.1	6,727.3	5.618,8	7,014.1	7,592.8

EQUITY AND LIABILITIES

(euro mln)	2007	2008	2009	2010	2011	2012



Attributable to the equity holders of the company:	2,980.2	2,171.8	2,175.0	1,990.8	2,146.1	2,337.4
Share capital	1,555.9	1,554.3	1,554.3	1,375.7	1,343.3	1,343.3
Other reserves	1,259.7	965.0	598.0	593.3	351.2	607.0
Retained earnings	-	-	-	-	-	-
Income (loss) for the year	164.6	(347.5)	22.7	21.8	451.6	387.1


Attributable to the minority interest:	823.8	202.6	319.6	37.2	45.5	52.0
Reserves	664.8	267.6	365.0	54.7	56.4	47.6
Income for the year	159.0	(65.0)	(45.3)	(17,5)	(11,0)	4.5




	3,804.1	2,374.4	2,494.7	2,028.0	2,191.6	2,389.4
Borrowins from banks and other financial institutions	905.3	1,375.7	1,505.8	894.7	1,402.5	1,995.8
Other payables	23.3	48.5	34.0	41.7	54.0	70.6
Provisions for other liabilities and charges	146.3	141.2	167.8	165.7	156.9	142.2
Deferred tax liabilities	44.6	38.4	44.0	33.7	35.2	56.1
Employee benefit obligations	349.1	366.5	451.9	481.7	481.7	523.0
Tax payables	11.2	9.7	10.0	5.5	4.8	4.2
Financial instruments	6.8	2.1	-	-	-	-

	1,486.7	1,982.2	2,213.5	1,623.1	2,135.1	2,791.8
Borrowings from banks and other financial institutions	754.7	695.6	289.3	247.5	369.5	440.5
Trade payables	1,323.6	1,108.6	987.9	1,066.4	1,382.8	1,268.7
Other payables	1,394.7	482.4	491.0	403.4	631.2	417.6
Provisions for other liabilities and charges	71.3	135.7	130.8	116.0	124.7	110.8
Tax payables	45.7	44.0	43.9	64.6	75.4	77.6
Financial instruments	72.5	110.5	76.2	69,9	103,9	96.3

	3,662.5	2,576.7	2,019.1	1,967.7	2,687.4	2,411.6


	8,953.2	6,933.2	6,727.3	5,618.8	7,014.1	7,592.8

Last Revised: 08 May 2013