financial statements at 31 december - Ferrovie dello Stato Italiane

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2011 Transport Infrastructur e Property Services Other Service s Adjustment s and Eliminations Operating Segments values in €/mil. Ferrovie dello Stato Italiane Group Revenues from Third Parties 6,540 1,444 236 19 8,240 Inter-segment revenues 132 1,120 168 229 (1,626) 24 Operating revenues 6,672 2,564 405 248 (1,626) 8,264 Personnel cost (2,347) (1,596) (31) (156) 21 (4,110) Other net costs (2,891) (737) (258) (91) 1,605 (2,372) Operating costs (5,238) (2,333) (289) (247) 1,626 (6,482) EBITDA 1,434 231 116 1 1,782 Amortisation and depreciation (897) (67) (22) (15) (1,001) Write-downs and provisions (38) (64) (6) (9) (117) EBIT 499 101 88 (23) 664 Finance income and costs (254) 1 (4) 11 (247) Income taxes (119) (22) (28) 36 (132) Net profit for the year (Owners of the parent and Non-controlling Interests) 125 80 56 23 285 Net invested capital 8,192 35,322 1,263 123 45,178 Ferrovie dello Stato Italiane Group 189
47. Events after the balance sheet date January On 14 January 2013 the Quotaholders’ Meeting of Toscana In Bus Scarl resolved to change the company name from Toscana In Bus Scarl to MOBIT Scarl (the acronym of “mobilità in Toscana”, Mobility in Tuscany). On 16 January 2013 Cisalpino AG reduced its Share Capital to CHF 100,750 (a decrease of CHF 162,399,250), thus implementing the resolution passed by the Shareholders’ Meeting at the end of 2012. This decision fell within the scope of the shareholders’ intention to dissolve the company. On 17 January 2013 the Chairman, the Managing Director, some Italferr employees and an RFI employee, together with staff from other administrations and of the companies carrying out the works were notified that they were under investigation by the Public Prosecutor’s Office in Florence in criminal proceedings 25816/10/R.G.N.R. in connection with the General Contractor tender awarded for the design and construction of the Florence Junction high-speed railway station and by-pass. The charges being investigated mainly concern the following issues: • work not executed in conformity to the contract; • description of the materials from the excavations and waste management; • landscape permit; • amicable resolution procedure initiated to settle reservations submitted during the progress of the works; • method of accounting for work progress reports. Preliminary inquiries are being carried out in this stage, in the framework of which arrangements have been made for technical reports to be drawn up. At present the companies involved are collaborating with the investigators to the utmost, providing the necessary support to the experts appointed by the Public Prosecutor’s Office pending the outcome of the detailed inquiries in progress in order to consider what action to take with respect to the General Contractor. On 21 January 2013 Sideuropa Srl in liquidation was cancelled from the Register of Companies of Milan. On 24 January 2013 prices were increased by 3.5% on average for the Frecciabianca connections. On 28 January 2013 the Managing Director of the Ferrovie dello Stato Italiane Group, Mauro Moretti was appointed, during a ceremony that took place at the Engineering Faculty of Rome La Sapienza University, as President of the Council for the FIGI Project – Facoltà Ingegneria Grandi Imprese (“Engineering Faculty/Large Industries”). The intention of the FIGI project is to throw a bridge between university professors and students and big industry, pairing the university and the business worlds together in order to raise graduate quality and provide them with the tools they need to become acquainted with the working world before they finish their studies. On 29 January 2013 a letter of intent was signed by the Mayor of Venice and the Mayor of Padua, Flavio Zanonato, and the Managing Director of FS Italiane bringing a partnership into life in the local public transport sector in the Veneto Region, in view of the imminent calling of the local services tender for the award of public transport services in the area. The parties involved in the agreement, ACTV (Venice), APT (Padua) and Busitalia- 2012 Consolidated Financial Statements 190
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FINANCIAL STATEMENTS AT 31 DECEMBER
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Board of Directors: Corporate bodie
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Letter of the Chairman In spite of
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The aim of the five-year investment
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The Group remains determined to con
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2012 consolidated results values in
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Main events in the financial year R
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Law no. 44 of 26 April 2012, “Con
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- Law no. 101 of 12 July 2012, “C
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Through this transaction, the Benef
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Equity investments Acquisitions and
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SpA is currently equal to Euro 163,
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price. The Base price, which allows
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Human resources The number of Group
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The reduction in staff was managed
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Environment In 2012, the Group cont
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Furthermore, the “Green Train”
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Finally, Italferr did some prelimin
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Overall the world economy grew by 3
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A sharp increase was also recorded
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a remodulation of the Milan - Turin
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As published by the UIC, the declin
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Production in trains/km 2012 2011 %
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The traffic results of the main Eur
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The FS Group’s income statement a
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This performance, as we have said,
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Revenues from Infrastructur e Servi
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STATEMENT OF RECONCILIATION at 31.1
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Trenitalia has signed contracts wit
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Income statement and statement of f
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Reclassified balance sheet ASSETS a
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Investments Even if operated in a m
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The table below reports the volumes
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• within IT Investments, activiti
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envisaged in the Programme Contract
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Research and development activity I
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setting the date of start of the pr
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Prosecutor’s Office of Catania ha
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As already described in the 2011 Co
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Other Arbitration proceedings Final
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y the Regional Administrative Court
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The effectiveness of the control sy
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in 2012 Trenitalia SpA also recorde
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Netinera Deutschland Group (Transpo
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RFI SpA (Infrastructure) values in
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Grandi Stazioni Group (Real Estate)
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FS Sistemi Urbani Srl (Real Estate)
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Ferservizi SpA (Other Services) val
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for a reorganisation of services in
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Rail), the completion of the nation
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Proposed allocation of the result f
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Consolidated statement of financial
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Consolidated Statement of Comprehen
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Consolidated statement of cash flow
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Notes to the consolidated financial
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The Consolidated Financial Statemen
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losses that are not derecognized, s
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Below are reported the most signifi
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technological actions aimed at ensu
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Category Depreciation rate Building
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Impairment of intangible assets and
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longer apply in the subsequent peri
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valuation techniques based on a ser
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(Istituto Nazionale di Previdenza S
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comprehensive income and directly i
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criteria to identify joint control,
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The effective date of the proposed
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v) Fair value of derivative financi
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values in €/mil. 31.12.2012 31.12
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Page 142 and 143: Shift + 50 bps values in €/mil. S
Page 144 and 145: 6. Assets held for sale At 31 Decem
Page 146 and 147: 8. Investment properties The table
Page 148 and 149: Investments in “Others” related
Page 150 and 151: 10. Deferred tax assets and deferre
Page 152 and 153: The change in scope, which was posi
Page 154 and 155: Equity investments in associates 31
Page 156 and 157: Stability Act”, Euro 101 million
Page 158 and 159: 14. Inventories and Construction co
Page 160 and 161: values in €/mil. 31.12.2012 31.12
Page 162 and 163: Reserve for change in fair value on
Page 164 and 165: epayments of capital quotas of the
Page 166 and 167: provisions for personnel for possib
Page 168 and 169: deducted by the companies against s
Page 170 and 171: 26. Revenues from sales and service
Page 172 and 173: 27. Other income The table below re
Page 174 and 175: 29. Raw and secondary materials, co
Page 176 and 177: works contracted out on behalf of t
Page 178 and 179: Higher capitalisations recorded in
Page 180 and 181: 38. Finance costs The table below r
Page 182 and 183: 40. Current taxes, deferred tax ass
Page 184 and 185: 44. Related parties Transactions wi
Page 186 and 187: Financial relations values in €/m
Page 188 and 189: 46 Group segment reporting Starting
Page 192 and 193: SITA Nord s.r.l., intend to work to
Page 194 and 195: March On 5 March 2013, the Minis
Page 196 and 197: Name c) Indirectly-controlled compa
Page 198 and 199: FS ITALIANE MAP OF CONSOLIDATION AN
Page 200 and 201: Financial Statements of Ferrovie de
Page 202 and 203: Income statement Values in Euro Not
Page 204 and 205: STATEMENT OF CASH FLOWS values in E
Page 206 and 207: International Financial Reporting I
Page 208 and 209: Intangible assets Intangible assets
Page 210 and 211: In the case of equity investments v
Page 212 and 213: the estimated expected cash flows,
Page 214 and 215: the related pension plan. Profits a
Page 216 and 217: previous tax losses, for the portio
Page 218 and 219: - IFRS 10 gives practical guidance
Page 220 and 221: changes that are deemed necessary b
Page 222 and 223: 5. Financial and operating financia
Page 224 and 225: The tables below report the exposur
Page 226 and 227: Derivative and non-derivative finan
Page 228 and 229: Financial assets and liabilities by
Page 230 and 231: 7. Investment properties Below is r
Page 232 and 233: Deferred tax assets and the Provisi
Page 234 and 235: Changes in 2011: Net value 31.12.20
Page 236 and 237: 11. Current and non-current Financi
Page 238 and 239: 14. Non-current and current trade r
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Profit for the year The 2012 profit
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Below are the terms and conditions
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22. Provisions for risks and charge
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25. Current trade payables The item
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In 2012, for a better representatio
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32. Leases and rentals The table be
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● commissions earned on sureties
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41. Profit from assets held for sal
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Other transactions with related par
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Subsidiaries CREDIT RELATIONSHIPS D
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OTHER RELATIONSHIPS CONSOLIDATED TA
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FINANCIAL RELATIONS 31.12.2012 2012
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47. Events after the balance sheet
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