Separate Financial Statements 2007 - Indesit

Separate Financial Statements as of 31 December 2007
6.13. Financial charges from subsidiaries and associates
The financial charges from subsidiaries and associates are detailed in the following table.
(million euro)
Subsidiaries 12/31/2007 12/31/2006
Indesit Company International Business Sa (3,3) (8,3)
Indesit Company Luxembourg Sa (11,9) (9,3)
Indesit Company Deutschland Gmbh - (0,1)
Indesit Company UK Ltd (1,7) (0,4)
Wrap S.p.A. - (0,7)
Indesit Company Polska Sp.z.o.o. - (0,1)
Indesit Company Magyarorszag Kft (0,1) -
Other Subsidiairies (0,1) (0,1)
Total Subsidiaries (17,1) (18,9)
The financial charges from Indesit Company International Business Sa principally include
commissions for the management of exchange risk, 2.9 million euro (3.7 million euro), and
losses from transactions in derivative instruments of 0.2 million euro (4.4 million euro). The
financial charges from Indesit Company Luxembourg Sa relate to interest on the loan received.
6.14. Financial expenses from third parties and the parent company
The interest expense incurred in relation to the various sources of finance is analysed in the
following table.
(million euro)
12/31/2007 12/31/2006
Interest on medium/long-term bank loans (1,5) (0,8)
Interest on medium/long-term loans (0,8) (0,8)
Interest on short-term borrowing (12,2) (9,6)
Other interest expenses (7,4) (8,4)
Losses on disposal of investments - (2,1)
Commissions from Fineldo S.p.A. (0,2) (0,3)
Total (22,0) (21,9)
6.15. Exchange rate gains and losses
The following table analyses exchange rate fluctuations, identifying both realised and
unrealised gains and losses.
(million euro)
12/31/2007 12/31/2006
Realised exchange rate fluctuations, net (5,8) (0,2)
Unrealised exchange rate fluctuations, net 3,9 1,2
Total (1,9) 1,0
6.16. Reversal of impairment losses on equity investments
No equity investments were revalued in 2007 or 2006.
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