2009 1st Half Report - Indesit

Half-year report at 30 June 2009
The reduction in trade receivables mainly reflects the sale without recourse of receivables
and notes falling due subsequent to 30 June 2009, equal to 54.3 million euro, and the lower
volume of sales.
8.13. Other receivables and current assets
Other receivables and current assets are analysed as follows:
(million Euro)
30 June 2009 31 Dec 2008 30 June 2008
Due from employees 2,8 2,2 3,0
Due from social security and pension institutions 6,1 3,0 3,9
Grants due from public bodies 5,9 5,6 6,3
Insurance reimbursements - 0,2 7,5
VAT receivable 20,5 46,3 42,9
Other receivables 7,5 6,3 4,3
Total other receivables and other current assets 42,7 63,6 67,9
The reduction since 31 December 2008 was mainly due to the decrease in the receivable
VAT recoverable due to the decline in purchases linked to the decrease in sales.
8.14. Equity attributable to the Group
Share capital comprises ordinary shares and savings shares, as analysed below inclusive of
treasury shares.
Description
30 June 09
Number
Euro
Ordinary shares 113.630.684 102.267.616
Savings shares 511.282 460.154
Total 114.141.966 102.727.770
No dividends were paid during the first half of 2009 (52.5 million euro in 2008).
With reference to the amounts reported in the Consolidated Statement of Comprehensive
Income, during the first half of 2009 the loss on cash flow hedges is negative for 9.9 million
euro and it comprises: the pre-tax reduction in cash flow hedges generated during the period
for 0.3 million euro, the pre-tax increase in cash flow hedges reclassified to the income
statement for 14.7 million euro, and related tax effects of 4.5 million euro.
The gain on the translation of foreign currency financial statements for the first half of 2009
was 10.8 million euro.
The calculations of basic earnings per share and diluted earnings per share reported in the
consolidated income statements for the six months ended 30 June 2009 and 2008 are set
out in the following table.
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