Notes to the consolidated financial statement
1. General information
Pirelli & C. S.p.A. is a corporation organized under the laws of the Republic of Italy.
Founded in 1872 and listed on the Italian Stock Exchange, Pirelli & C. S.p.A. is a holding company which manages, coordinates and finances the operations of its subsidiaries.
At the balance sheet date, the Company’s activities are principally represented by investments in:
- Pirelli & C. Real Estate S.p.A. - a listed company operating in the real estate sector – 53.7 percent of share capital;
- Pirelli Tyre S.p.A. - a company operating in the tyre sector – 61.1 percent of share capital.
- Pirelli Broadband Solutions S.p.A. – a company operating in the field of telecommunications components, equipment and systems – 100 percent of share capital.
The head office of the Company is located in Milan, Italy.
The consolidated financial statements are audited by PricewaterhouseCoopers S.p.A. pursuant to art. 159 of Legislative Decree 58 dated February 24, 1998 and taking into account the Consob recommendation dated February 20, 1997, in execution of the resolution passed by the shareholders on April 28, 2005 which engaged the audit firm for the three years 2005-2007. The fees agreed for the audit of the consolidated financial statements for the year 2007 amount to Euros 3,766 thousand, inclusive of the fees relating to the limited review of the interim consolidated financial statements at June 30, 2007.