1.1MB - Pirelli

Another step forward was taken in WDM
photonics systems with the launch of the 128
channel WaveMux TM .
Production has begun of the new submarine
telecom network between Italy and Libya.
capable of transmitting up to 128 channels, each of which can carry a transmission
signal with a speed of up to 10 Gbit/s, reaching a capacity of more than 16 million
simultaneous phone calls.
• the development and installation, on the Corfu-Bar section, of an optical system for
submarine transmission with remote pumping for links up to 350 km long without
submerged active repeaters.
in the telecommunications cables and fiber optics sector:
• the introduction of high-capacity ribbon fiber optic cables (with up to 864 fibers) with a
compact design to optimize performance in the access network;
• the first deliveries of fibers with a highly advanced design, specially created for the latest
systems with high transmission capacity.
Cables and Systems Sector holding company
The unconsolidated balance sheet and statement of income of Pirelli Cavi e Sistemi S.p.A.
are presented as follows:
Mazara
Balance sheet (in billions of lire)
1998 1997
Intangible assets 25.3 19.8
Property, plant and equipment, net 232.6 144.1
Financial assets 1,484.3 1,478.9
Net working capital 185.1 121.0
1,927.3 1,763.8
Shareholders’ equity 1,148.1 1,083.7
Provisions 121.3 105.4
Net financial position 657.9 574.7
1,927.3 1,763.8
Tripoli
Statement of income (in billions of lire)
1998) 1997)
Production value 1,422.6) 1,182.4)
Production costs:
• Raw materials and services (1,175.4) (897.1)
• Personnel (246.1) (211.9)
• Depreciation (50.7) (39.8)
• Other 28.7) (2.4)
Operating profit (20.9) 31.2)
Financial income and expenses 256.9) 134.2)
Income before extraordinary items and income taxes 236.0) 165.4)
Extraordinary items, net 5.0) 4.8)
Income taxes (21.8) (13.6)
Net income for the year 219.2) 156.6)
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