Financial Report 31 dicembre 2014 CRIF SPA eng

CRIF S.p.A.

BALANCE SHEET ACCOUNTS AS OF 31 DECEMBER 2014 CURRENCY: EUR

PROFIT AND LOSS ACCOUNTS

A) OPERATING INCOME 1. Turnover 2. Variation in inventories, work in progress, semi-finished products and finished goods 3. Increase in work in progress 4. Own work capitalised 5. Other operating income a) Goverment grants b) Others

149.614.545

138.394.693

0 (1.905.585) 5.425.571

0 2.166.111 4.495.868

63.144 3.158.001

Total (A) B) OPERATING COSTS 6. Raw materials and consumables 7. Services bought in 8. Lease of equipment 9. Staff costs a) Wages and salaries b) Social security costs c) employees' leaving entitlements d) pension and similar costs e) Other costs

31 dicembre 2013

31 dicembre 2014

178.977 2.557.714 3.221.145

2.736.691

156.355.676

147.793.363

442.104 58.611.393 6.571.022

414.268 56.858.007 6.704.065

31.528.720 8.710.281 1.687.539 0 196.851

29.571.956 8.207.567 1.612.731 0 194.459 42.123.391

10. Depreciation and other amounts written off fixed assets a) Depreciation of intangible assets b) Depreciation of tangible assets c) Other depreciaiton d) Exceptional amounts written off current assets

12.451.177 1.777.754 0 110.657

39.586.713 10.072.334 1.739.419 0 636.805

14.339.588

12.448.558

0 0 0 910.697

0 0 0 785.433

Total (B)

122.998.195

116.797.044

PROFIT/LOSS ON OPERATING ACTIVITIES (A-B)

33.357.481

30.996.319

11. Variation in raw materials, consumables and supplies 12.Provision for contingencies 13.Other provisions 14. Other operating charges

C) OTHER INTERESTS RECEIVABLE/PAYABLE AND SIMILAR INCOME/CHARGES 15. Income from shareholdings - dividends from subsidiary companies - dividends from associated companies - others Total 16. Other financial income a) amount receivables included under financial fixed assets - From subsidiary companies - From related companies - From parent companies - From others b) other interests included under financial fixed assets other than shareholdings c) other interests forming part of working capital which are not shareholdings d) Other incomes - From subsidiary companies - From related companies - From parent companies - From others

12.133.494 0 0 12.133.494

0 0 0 18

3.016.772

0 0 0 5 18

5

11.250

7.694

1.125

2.796

242.158 12.251 0 233.176

153.959 4.655 0 625.677 487.585 499.978

Total 17. Financial Income and Charges - From subsidiary companies - from associated companies - from parent companies - from others

3.016.772 0 0

677.081 0 0 6.492.524

784.291 794.786

757.057 0 0 4.079.760

17-bis. Profit/Loss on Exchange Total

7.169.605 (1.350.819) 5.818.786

4.836.817 (354.488) 4.482.329

Total(15+16-17+ - 17bis)

6.814.686

(670.771)

CRIF S.p.A.

BALANCE SHEET ACCOUNTS AS OF 31 DECEMBER 2014 CURRENCY: EUR

PROFIT AND LOSS ACCOUNTS D) AMOUNTS WRITTEN OFF INVESTMENTS 18. Revaluations: a) of investments b) financial fixed assets other than shareholdings c) other interests forming part of working capital which are note shareholdings

31 dicembre 2013

31 dicembre 2014

0 0 0

0 0 0 0

19. Devaluations: a) of investments - devaluation - provision b) financial fixed assets other than shareholdings c) other interests forming part of working capital which are note shareholdings

0 9.452.314

8.480.613 0 0 0

9.452.314 0 0 0 8.480.613

9.452.314

Total adjustments (18-19)

(9.452.314) (8.480.613)

E) EXTRAORDINARY INCOME AND CHARGES 20. Income: a) Appreciations b) other income

0 908.764

0 5.500.876 908.764

21. Charges: a) Depreciation b) Other charges

0 124.644

Extraordinary profit or loss (20-21)

PROFIT BEFORE TAXATION 22. Taxation: a) Current Taxes b) Deferred Taxes c) Advanced Taxes

23. PROFIT FOR THE FINANCIAL YEAR

5.500.876 0 5.389.449

124.644

5.389.449

784.120

111.427

32.475.674

20.984.661

(10.916.800) (322.363) 873.181

(11.924.773) (9.861) 1.760.671

(10.365.982)

(10.173.963)

22.109.692

10.810.698

CRIF S.p.A.

BALANCE SHEET ACCOUNTS AS OF 31 DECEMBER 2014 CURRENCY: EUR

BALANCE SHEET

31 dicembre 2013

31 dicembre 2014

ASSETS A) SHARE CAPITAL PROCEEDS TO BE RECEIVED

B) FIXED ASSETS I INTANGIBLE ASSETS 1. Preliminary expenses 2. Development costs 3. Patents 4. Concession, licences,trade marks and similar rights and assets 5. Goodwill 6. Payments on account and assets in course of construction 7. Others - Costs paid in advance

0

0

18.175 0

0 0 20.126.829 123.720 0 1.296.936

20.135.440 133.746 638.043 2.480.036 5.194.047 4.854.012

Total

II TANGIBLE ASSETS 1. Land and buildings 2. Plant and machinery 3. Fixtures, fittings, tools and equipment 4. Other assets 5. Payments on account and assets in course of construction Total III INVESTMENTS 1. Investments in: a) Group companies b) Related companies c) Parent Companies d) Others

5.194.047 26.741.532

4.854.012 28.259.452

10.368.023 3.137.119 21.621 1.401.475 1.799.463 16.727.701

237.907.574 1.353.870 0 147.501

10.668.901 3.347.815 18.763 1.624.642 528.730 16.188.851

184.933.903 1.826.011 0 147.501 239.408.945

Receivables: a) from subsidiaries companies b) from related companies c) from parent companies d) from others - due within one year - due after one year

186.907.415

0 0 0

0 0 0

268.608 0

272.295 3.390.000

3. Other securities/holdings 4. Own Shares Total

TOTAL FIXED ASSETS (B) C) CURRENT ASSETS I Stocks 1. Raw material and consumables 2. Work in progress 3. Work in progress (order by client) 4. Finished goods (and good resale) 5. Payments on account Total

268.608 500.000 0 240.177.553

3.662.295 500.000 0 191.069.710

285.164.706

234.000.093

0 0 762.127 0 0 762.127

0 0 2.667.712 0 0 2.667.712

24.295.819 49.925.815 560.866 451.890

23.902.070 27.542.337 432.478 122

II Debtors 1. Trade debtors 2. Amounts owed by subsidiary companies 3. Amounts by related companies 4. Amounts owed by parent companies 4-bis. Amounts owed by taxation authorities - due within one year - due after one year 4-ter.Deferred Income Tax 5. Other debtors - due within one year - due after one year Total

125.530 1.916.485

166.994 1.916.485 2.042.015 5.871.939

942.338 100.397

2.083.479 4.998.758 846.872 135.108

1.042.735 84.191.079

981.980 59.941.224

CRIF S.p.A.

BALANCE SHEET III Assets forming part of working capital 1. Share holdings in subsidiary companies 2. Share holdings in related companies 3. Share holdings in parent companies 4. Other securities 5. Own shares 6. Others 7. Financial receivables forming part of working capital Total IV LIQUID FUNDS 1. Cash at bank and in hand 2. Cheques 3. Cash Total

TOTAL CURRENT ASSETS (C ) D) Prepayments and accrued income 1. Disagio on loans 2. Other

Total Prepayments and accrued income (D)

TOTAL ASSETS

BALANCE SHEET ACCOUNTS AS OF 31 DECEMBER 2014 CURRENCY: EUR

31 dicembre 2013

31 dicembre 2014

0 0 0 0 171.970 26.648 0 198.618

0 0 0 0 98.781 26.648 0 125.429

11.409.680 18.617 33.468 11.461.765

30.030.199 0 23.603 30.053.802

96.613.589

92.788.167

0 9.456.212

0 9.368.479

9.456.212

9.368.479

391.234.507

336.156.739

BALANCE SHEET ACCOUNTS AS OF 31 DECEMBER 2014 CURRENCY: EUR

CRIF S.p.A.

BALANCE SHEET

31 dicembre 2013

31 dicembre 2014

LIABILITIES A) NET EQUITY I Share Capital II Share premium account III Revaluation reserve IV Legal Reserve V Reserrves provided for by the articles of association VI Reserve for own shares VII Other reserves - Extraordinary reserves - Extraordinary reserves from controlled companies merging - Others reserves

38.035.217 798.813 0 2.825.354 0 171.970 45.260.641 0 44.543

30.304.243 681.384 7.133.859 2.284.819 0 98.781 43.190.319 0 261.753

45.305.184 0 22.109.692

43.452.072 0 10.810.698

109.246.230

94.765.856

2.883 436.665 5.660.658

2.724 114.302 5.708.942

Total (B)

6.100.206

5.825.968

C) EMPLOYEES' LEAVING ENTITLEMENTS

1.453.815

1.558.979

VIII Profit (Losses) carried forward IX Profit and loss account

Total (A) B) PROVISIONS FOR LIABILITIES AND CHARGES 1. Pension and other similar provisions 2. Taxations, including deferred taxation 3. Other provisions

D) CREDITORS 1. Debentures - due within one year - due after one year 2. Convertible debentures 3. Shareholder's loan 4. Bank loans and overdraft - due within one year - due after one year 5. Other loans and overdraft 6. Payment received on account 7. Trade creditors: 8. Paper titles creditors 9. Amounts owed to subsidiary companies - due within one year - due after one year 10.Amounts owed to related Companies 11. Amounts due to parent companies 12. Taxation creditors - IRES - IRAP - others 13. Social security 14. Other creditors - Amounts due to associated companies - others

Total (D) E) Accruals and deffered income 1. Agio on loans 2. Other accruals and deferred income

Total Accruals and deffered income (E)

TOTAL LIABILITIES Memorandum and contingency accounts - Guarantees given from third parties - Other guarantees

- Other contingencies account Memorandum and contingency accounts

0 2.550.000

0 2.550.000 2.550.000 0 0

51.460.587 116.998.355

2.550.000 0 0 58.108.936 75.666.021

168.458.942 0 2.766.332 17.262.887 0 59.048.317 643.449

133.774.957 0 3.216.308 15.065.334 0 51.835.592 643.449

59.691.766 0 0 0 37.881 2.244.653

52.479.041 0 0 4.961.208 357.148 3.491.078

2.282.534 2.844.066 7.483.268 53.829

8.809.434 2.798.210 27.500 7.095.477

7.537.097

7.122.977

263.393.624

225.816.261

0 11.040.632

0 8.189.675

11.040.632

8.189.675

391.234.507

336.156.739

3.988.618 519.193 28.043.544

7.468.925 25.000 38.820.729

32.551.355

46.314.654