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Net Financial Position
 Net Financial Position |
The Net Financial Position of the Group went from a Debt Position of € 1,979.6 mln at December 31, 2006 to a Cash Position of € 302.1 mln at December 31, 2007; variation mainly due to the sale of Olimpia S.p.A. investment.
Below, list of the main variations:
| (in millions of euros) | |
| Cash flows used in ordinary activities | 298,5 |
| Financial and tax income (expenses) | (271,7) |
| Sale of Olimpia S.p.A. investment | 3.329,0 |
| Payable for reimbursement of share capital | (826,3) |
| Proceeds from sale of Prysmian warrants | 91,0 |
| Purchase of RCS shares | (8,1) |
| Purchase of Pirelli & C. Real Estate | (54,2) |
| Investments in funds and Baubecon - Pirelli & C. Real Estate | (110,3) |
| Pirelli & C. Real Estate treasury shares purchases/sales | (52,8) |
| Purchase of 12.4% stake in Avanex | (33,4) |
| Dividends paid | (74,4) |
| Other | (5,6) |
| Change in net financial position | 2.281,7 |
Last Revised: 07
2008