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DIRECTORS’ REPORT
272
| 2012 annual report prysmian group
FINANCIAL PERFORMANCE
OF PRYSMIAN S.P.A.
The tables presented and discussed below have been
prepared by reclassifying the financial statements at
31 December 2012, which in turn have been prepared in
accordance with the International Financial Reporting
Standards (IFRS) issued by the International Accounting
Standards Board (IASB) and endorsed by the European Union,
and with the provisions implementing art. 9 of Legislative
Decree 38/2005.
The income of Prysmian S.p.A., the Group’s investment
holding company, primarily reflects dividends received from
the subsidiary Prysmian Cavi e Sistemi S.r.l., revenue from
services provided to subsidiaries and royalties for the use
of patents and know-how by subsidiaries and possibly even
third parties.
(in thousands of Euro)
2012
2011
Dividends
150,000
161,332
Personnel and operating costs net of revenue and other income
(17,753)
(14,711)
Income from non-recurring transactions
350
-
Costs of non-recurring transactions
(6,267)
(50,380)
Net finance costs
(35,408)
(39,176)
Taxes
21,216
42,367
Net profit/(loss) for the year
112,138
99,432
