Consolidated Balance Sheet

Consolidated Balance Sheet

• ASSETS >

	1H 09	1Q 09	FY 08	9M 08	1H 08	1Q 08
Property, plant and equipment	1.618	1,599	1,598	1,648	1,629	1,570
Intangible assets	1.038	1,044	1,046	1,043	1,048	1,130
Investments in associates and joint ventures	530	509	515	653	570	490
Other financial assets	396	404	506	583	663	787
Deferred tax assets	78	73	72	61	62	60
Trade recivables	-	-	-	-	0	-
Other receivables	660	750	723	779	771	667
Tax receivables	9	11	10	12	13	12
Financial instruments	-	6	3	5	4	5
NON-CURRENT ASSETS	4.330	4.397	4,474	4,766	4,701	4,721
Inventories	760	824	921	902	841	792
Trade receivables	829	886	788	1,046	1,008	1,225
Other receivables	204	254	240	255	237	251
Securities held for trading	105	119	116	144	105	101
Cash and cash equivalents	238	242	254	219	334	981
Tax receivables	41	42	46	43	41	48
Financial instruments	32	40	94	59	34	77
CURRENT ASSETS	2.209	2.409	2,459	2,668	2,600	3,475
Assets held for sale	-	-	-	-	36	-
TOTAL ASSETS	6.538	6.806	6,933	7,434	7,336	8,196





• EQUITY >

	1H 09	1Q 09	FY 08	9M 08	1H 08	1Q 08
Attributable to the equity holders of the company:	2.202	2.129	2,172	2,500	2,608	2,773
Share capital	1.554	1.554	1,554	1,555	1,555	1,555
Other reserves	642	565	965	996	1,090	1,184
Income (loss) for the year	6	10	(347.5)	(51.3)	(36.2)	34
Attributable to the minority interest:	168	173	203	309	394	415
Reserves	186	182	268	294	368	386
Income for the year	(19)	(8)	(65)	15	27	29
TOTAL EQUITY	2.370	2.302	2.374	2,809	3,002	3,187





• LIABILITIES >

	1H 09	1Q 09	FY 08	9M 08	1H 08	1Q 08
Borrowings from banks and other financial institutions	1.287	1,355	1,378	545	538	804
Other payables	23	38	48	58	28	32
Provisions for other liabilities and charges	156	147	141	142	152	143
Deferred tax liabilities	42	39	38	40	43	42
Employee benefit obligations	391	360	367	413	418	325
Tax payables	10	10	10	10	9	10
Financial instruments	-	2	2	5	8	7
NON-CURRENT LIABILITIES	1.909	1,952	1,984	1,213	1,207	1,350
Borrowings from banks and other financial institutions	722	974	694	1,582	1,355	910
Trade payables	803	841	1,109	1,111	1,089	1,195
Other payables	465	448	482	506	482	1,399
Provisions for other liabilities and charges	143	160	136	91	88	73
Tax payables	40	58	44	58	52	57
Financial instruments	86	70	110	64	45	87
CURRENT LIABILITIES	2.260	2,552	2,575	3,412	3,111	3,659
Liabilities associated with assets held for sale	-	-	-	-	16	-
TOTAL EQUITY AND LIABILITIES	6.538	6,806	6,933	7,434	7,336	8,196