9
7 DIRECTORS’ REPORT
10 Letter to stakeholders
14 Prysmian Group
18 Market approach
20 Global presence
22 Vision, mission, values
24 Main financial and operating data
26 Key financials
28 Corporate structure
30 Directors and auditors
33 Organisational structure
34 Top manager
37 Development strategies and objectives
40 Prysmian and the financial markets
40 Ownership structure
42 Shareholder’s meetings
44 Financial market performance
48 Investor relations
50 Significant events during the year
50 Principal projects acquired
and commercial initiatives in the period
52 Finance and m&a activities
54 Reference scenario
54 Macroeconomic scenario
55 Cable industry context
56 Group performance and results
58 Income statement
60 Segment performance Energy business
62
Energy business
64 Utilities
68 Trade & installers
72 Industrial
74 Other
76 Segment performance Telecom business
78
Telecom business
82 Group statement of financial position
82 Reclassified statement of financial
position
83 Equity
84 Net working capital
85 Net financial position
86 Statement of cash flows
88 Alternative performance indicators
94 Risk factors
96 External risks
100 Internal risks
108 Human resources
112 Research and development
116 An integrated supply chain
118 Sourcing
149 CONSOLIDATED FINANCIAL
STATEMENTS AND
EXPLANATORY NOTES
263 AUDIT REPORT
267 PARENT COMPANY
DIRECTORS’ REPORT
289 PARENT COMPANY FINANCIAL
STATEMENTS AND
EXPLANATORY NOTES
347 AUDIT REPORT
351 REPORT BY THE BOARD
OF STATUTORY AUDITORS
122 Industrial activities
125 Quality
126 Logistics
128 Prysmian for the environment
130 Information systems
130 Applications
131 Infrastructure
132 Prysmian and sustainability
134 Corporate governance
134 Introduction
136 Company organisational structure
137 Board of directors
138 Board of statutory auditors
139 Organisational model (legislative decree
231/2001)
140 The risk management and internal
control systems relevant to the financial
reporting process
142 Incentive plans
142 Stock option plan 2007-2012
144 Long-term incentive plan 2011-2013
145 Significant events after the reporting
period
145 Business outlook
146 Other information
147 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 STATEMENTS
