Marchi Industriale s.p.a.

RECLASSIFIED BALANCE SHEET  (euro:1000)
Invested capital 12/31/2013 12/31/2012 12/31/2011
Fixed assets. (assets and inv. no FV) 20.122 11.507 11.469
Agrimont srl investment 265 0 0
Photovoltaic system Italy investments 13.407 14.748 15.082
Financing to subsidiary 1.000 670 570
Net working capital 7.042 10.565 9.278
Funds -1.385 -1.337 -1.448
Total invested capital 40.451 36.153 34.951
Funding sources
Equity 33.027 21.485 20.527
Net cash / debt (of which:) 7.424 14.668 14.424
Debenture loan 775 775 775
Medium-term financing 9.177
Finanziamento da collegata 2.000 1.000
Funding from partners 0 12.346 12.001
Short-term net cash / debt -4.528 547 1.648
Total shareowner’s and third parties’ equity 40.451 36.153 34.951
Il capitale investito e il PN sono esposti al netto delle azioni proprie in portafoglio, che ammonta a 8 milionidi euro per n. 1.511.111 azioni. V.N. € 1.511.111.
Reclassified income statement (euro:1000)
12/31/2013 12/31/2012 12/31/2011
Value of production 32.257 29.887 34.081
Operating costs -26.277 -25.849 -28.230
EBITDA 5.980 4.038 5.851
Amortisations and depreciations -2.819 -2.921 -2.779
EBIT 3.161 1.117 3.072
Financial items 1.442 1.142 677
Value adjustments to financial assets -187 -216
Non-recurring items 176 23 17
Result before taxes 4.592 2.064 3.766
Income tax for the fiscal year -1.220 -550 -1.179
Operating result 3.372 1.514 2.587
Reclassified financial statements (euro:1000)
A. OPENING SHORT-TERM
NET FINANCIAL POSITION
-547
B. CASH FLOW FROM
(FOR) OPERATIONS
Profit of the period 3.372
Amortisationsi 2.769
Impairment of shareholdings and use of doubtful debt provisions 237
Internal financing 6.378
C. CASH FLOW FROM WORKING
CAPITAL MANAGEMENT
1.864
D. CASH FLOW FROM (FOR)
INVESTMENT OPERATIONS
-143
E. CASH FLOW FROM (FOR)
FINANCIAL OPERATIONS
-3.025
F. CASH FLOW OF
THE PERIOD (B + C + D + E)
5.074
G. CLOSING SHORT-TERM
NET FINANCIAL POSITION
4.528