Reply SpA

Consolidated income statement
Consolidated statement of comprehensive income
Consolidated statement of financial position
Statement of changes in consolidated equity
Consolidated statement of cash flows
Notes to the consolidated financial statements
Annexed tables
Note 24 - Cash and cash equivalents
This item amounted to 50,125 thousand Euros, with an increase of 16,962 thousand Euros compared to December
31, 2009, and reflects the amount of cash at banks and on hand at the balance sheet date.
Change in cash and cash equivalents is fully detailed in the consolidated statement of cash flow.
Note 25 - Shareholders’ equity
Share capital
As at December 31, 2010 the fully subscribed paid-in share capital of the Parent Company Reply S.p.A. amounted
to 4,795,885.64 Euros and is made up of 9,222,857 ordinary shares, par value 0.52 Euros per share.
Treasury shares
Treasury shares on hand amounting to 2,523 thousand Euros is related to shares held by the Parent company that as
at December 31, 2010 were equal in number to 178,526. During 2010 Reply S.p.A. acquired no. 123,674 ordinary
shares while 76,650 ordinary shares were disposed.
The disposals refer to:
no. 46,046 ordinary shares related to the transfer of shares for the acquisition of the minority shares in subsidiaries;
no. 30,604 ordinary shares were assigned to personnel as a form of remuneration for services provided.
The accounting effects of these operations were entirely recorded in equity.
Capital reserve
At December 31, 2010 Capital reserve amounted to 49,538 thousand Euros and is summarized as follows:
Share premium reserve amounting to 20,165 thousand Euros.
Reserve for treasury shares on hand amounting to 2,523 thousand Euros is related to shares held by Reply.
Reserve for purchase of treasury shares, amounting to 27,477 thousand Euros, was constituted through withdrawal
from the Reserve for treasury shares on hand, following the resolution made by the General Shareholders Meeting of
Reply S.p.A. on 29 April 2010 which authorized, pursuant to art. 2357 of the Italian Civil Code, the purchase of a
maximum of 30 million Euros of ordinary shares, corresponding to 10% of the share capital, in a lump sum solution
or in several solutions within 18 months of the resolution.
Revenue reserves
Revenue reserves amounted to 84,682 thousand Euros and comprise the following:
Legal reserve of Reply S.p.A. amounting to 959 thousand Euros;
Retained earnings of 63,356 thousand Euros (retained earnings of 54,298 thousand Euros at December 31, 2009);
Income attributable to owners of the parent of 20,367 thousand Euros (16,628 thousand Euros at December 31, 2009).
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