Consolidated Financial Statements >
CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES
248
| 2012 annual report prysmian group
36. SIGNIFICANT NON-RECURRING EVENTS AND TRANSACTIONS
As required by Consob Communication DEM/6064293 dated 28 July 2006, the effects of non-recurring events and transactions
on the income statement are shown below, involving total net non-recurring expenses of Euro 123 million in 2012 and Euro 338
million in 2011.
(in millions of Euro)
2012
2011
Non-recurring other income:
Gains on disposal of assets held for sale
3
1
Remeasurement of minority put option liability
7
-
Non-recurring other income
12
-
Total non-recurring other income
22
1
Non-recurring change in inventories of work in progress,
semifinished and finished goods:
Release of Draka inventory step-up
-
(14)
Total non-recurring change in inventories of work in progress,
semi-finished and finished goods
-
(14)
Non-recurring personnel costs:
Company reorganisation
(64)
(39)
Italian pensions reform
(1)
-
Total non-recurring personnel costs
(65)
(39)
Non-recurring impairment:
Impairment of property, plant and equipment
(24)
(33)
Impairment of intangible assets
-
(5)
Total non-recurring impairment
(24)
(38)
Non-recurring other expenses:
Draka acquisition costs
-
(6)
Effects of Draka change of control
-
(2)
Draka integration costs
(9)
(12)
Tax inspections
(3)
-
Antitrust
(1)
(205)
Company reorganisation
(10)
(17)
Environmental remediation and other costs
(3)
(5)
Non-recurring other expenses
(25)
-
Remeasurement of minority put option liability
-
(1)
Total non-recurring other expenses
(51)
(248)
Non-recurring other finance costs:
Non-recurring other finance costs
(5)
-
Non-recurring other foreign currency exchange losses
(3)
-
Total non-recurring other finance costs
(8)
-
Non-recurring other finance income:
Non-recurring other finance income
3
-
Total non-recurring other finance income
3
-
Total
(123)
(338)
