PIRELLI - Consolidated Balance Sheet

Consolidated Balance Sheet

ASSETS

(euro mln)	2005	2006	2007	2008	2009	2010



Property, plant and equipment	1,572.0	1,574.6	1,650.5	1,598.0	1,727.4	1.977
Intangible assets	476.8	516.4	672.5	1,046.1	1,047.5	849
Investments in associates and joint ventures	4,542.9	3,825.9	534.2	515.3	593.2	153
Other financial assets	1,032.3	1,006.9	958.3	527.2	228.1	185
Deferred tax assets	82.3	64.2	58.5	72.4	91.2	70
Other receivables	538.8	705.8	672.9	701.7	557.2	316
Tax receivables	9.2	10.9	12.3	10.3	9.6	11
Financial instruments	0.0	-	3.8	3.2	-	-
Investments properties	5.1	-	-	-	-	-

	8,259.4	7,704,8	4,563.0	4,474.2	4,2542	3.560,0

Inventories	681.1	715.5	776.5	921.1	679.0	692,3
Trade receivables	943.4	999.7	1,098.9	788.0	735.8	676,7
Other receivables	325.0	356.2	241.5	240.0	197.1	175,0
Securities held for trading	179.6	119.2	114.0	115.8	161.0	209,8
Cash and cash equivalents	300.3	269.6	2,057.7	253.9	632.1	244,7
Tax receivables	58.2	33.4	43.3	46.2	41.5	25,2
Financial instruments	67.1	29.1	58.3	94.0	26.6	35,2
	2,554.7	2,522.7	4,390.2	2,459.0	2,473.1	2.058,8


	10,814.2	10,227.5	8,953.2	6,933.2	6,727.3	5.618,8

EQUITY AND LIABILITIES

(euro mln)	2005	2006	2007	2008	2009	2010



Attributable to the equity holders of the company:	5,204.9	3,879,6	2,980.2	2,171.8	2,175.0	1.990,8
Share capital	2,762.7	2,790.0	1,555.9	1,554.3	1,554.3	1.375,7
Other reserves	2,010.7	1,971.0	1,259.7	965.0	598.0	593,3
Retained earnings	104.0	286.1	-	-	-	-
Income (loss) for the year	327.4	-1,167.4	164.6	-347.5	22.7	21,8


Attributable to the minority interest:	408.9	807.0	823.8	202.6	319.6	37,2
Reserves	337.4	688.4	664.8	267.6	365.0	54,7
Income for the year	71.5	118.6	159.0	-65.0	-45.3	-17,5




	5,613.8	4,686.6	3,804.1	2,374.4	2,494.7	2.028,0
Borrowins from banks and other financial institutions	1,550.5	1,377.4	905.3	1,375.7	1,505.8	894,7
Other payables	61.8	132.9	23.3	48.5	34.0	41,7
Provisions for other liabilities and charges	170.6	145.1	146.3	141.2	167.8	165,7
Deferred tax liabilities	54.6	42.9	44.6	38.4	44.0	33,7
Employee benefit obligations	510.8	415.9	349.1	366.5	451.9	481,7
Tax payables	2.7	9.7	11.2	9.7	10.0	5,5
Financial instruments	2.0	4.8	6.8	2.1	-	-

	2,352.9	2,128.7	1,486.7	1,982.2	2,213.5	1.623,1
Borrowings from banks and other financial institutions	600.4	1,562.3	754.7	695.6	289.3	247,5
Trade payables	1,018.3	1,102.5	1,323.6	1,108.6	987.9	1.066,4
Other payables	838.3	536.9	1,394.7	482.4	491.0	403,4
Provisions for other liabilities and charges	54.0	116.5	71.3	135.7	130.8	116,0
Tax payables	42.2	48.8	45.7	44.0	43.9	64,6
Financial instruments	294.3	45.4	72.5	110.5	76.2	69,9

	2,847.4	3,412.3	3,662.5	2,576.7	2,019.1	1.967,7


	10,814.2	10,227.5	8,953.2	6,933.2	6,727.3	5.618,8

Last Revised: 04 2011