Annual Report 2012 - Indesit

Indesit Company S.p.A.
Registered Offices: Viale A. Merloni 47 - 60044 Fabriano
Secondary Offices: Via della Scrofa 64 - 00186 Rome
Share Capital: Euro 102,759,269.40 fully paid-up
Tax Code/VAT no. 00693740425
Ancona Companies Register no. 9677
Approach taken
The Group reporting to Indesit Company S.p.A. is hereafter referred to as Indesit Company or
Indesit or simply the Group. When the commentary relates to the Parent or individual subsidiaries,
their registered names are stated in full. This report on operations contains information about
both the Indesit Group as a whole and the Parent, Indesit Company S.p.A.
All the amounts presented in this report on operations and in the consolidated and separate
financial statements and explanatory notes are stated in millions of euro; the comparisons made
(in brackets) relate to information for the prior year. Percentages (margins and changes) are
determined with reference to amounts stated in thousands of euro.
The intermediate indicators of profitability, EBIT 1 and EBITDA 2 utilized in this report are not
identified as accounting measures in the IFRS endorsed by the European Union and their
quantitative determination might not be unequivocal. These indicators represent a measure used
by management to monitor and assess operating performance. Management believes that these
indicators are important parameters for the measurement of operating performance, since they
are not influenced by the effects of the various criteria for the determination of taxable income,
or the amount and characteristics of capital invested. The criteria applied by the Group and the
Parent for determining these indicators might not be consistent with those adopted, for example,
in the contractual definitions of the financial covenants for borrowing, or with those adopted by
other groups or companies and, accordingly, their values might not be comparable with those
determined by such other groups or companies.
1. EBIT: operating profit reported in the income statement.
2. EBITDA: operating profit reported in the income statement, stated gross of depreciation, amortisation
and impairment losses.
2