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DISCLAIMER

This document contains forward-looking statements, specifically in the sections entitled "Significant

events after the reporting period" and "Business outlook", that relate to future events and the

operating, economic and financial results of the Prysmian Group. By their nature, forward-looking

statements involve risk and uncertainty because they depend on the occurrence of future events and

circumstances. Actual results may differ materially from those reflected in forward-looking statements

due to a variety of factors.

CONTENTS

LETTER TO STAKEHOLDERS CONSOLIDATED FINANCIAL REPORT DIRECTORS' REPORT

Directors and auditors

Financial highlights

Prysmian Group

Prysmian and the financial markets

Significant events during the year

Reference scenario

Group performance and results

Review of Energy Projects Operating Segment

Review of Energy Products Operating Segment

Review of Telecom Operating Segment

Group statement of financial position

Alternative performance indicators

The internal control and risk management system

Risk factors and uncertainties

Sustainable approach to managing the business

Incentive plans

Significant events after the reporting period

Business outlook

Other information

Certification pursuant to art. 2.6.2 of the Italian Stockmarket

Regulations regarding the conditions contained in art. 36

of the Market Regulations

CONSOLIDATED FINANCIAL REPORT

Consolidated statement of financial position

Consolidated income statement

Consolidated statement of comprehensive income

Consolidated statement of changes in equity

Consolidated statement of cash flows

EXPLANATORY NOTES CERTIFICATION OF THE CONSOLIDATED FINANCIAL STATEMENTS PURSUANT TO ART. 81-TER OF CONSOB REGULATION 11971 DATED 14 MAY 1999 AND SUBSEQUENT AMENDMENTS AND ADDITIONS AUDIT REPORT PARENT COMPANY ANNUAL REPORT DIRECTORS’ REPORT PARENT COMPANY FINANCIAL REPORT EXPLANATORY NOTES CERTIFICATION OF THE FINANCIAL STATEMENTS PURSUANT TO ART. 81-TER OF CONSOB REGULATION 11971 DATED 14 MAY 1999 AND SUBSEQUENT AMENDMENTS AND ADDITIONS AUDIT REPORT REPORT BY THE BOARD OF STATUTORY AUDITORS

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