Reply SpA

Income statement
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
Annexed tables
Note 1 - General information
Reply S.p.A. is an Italian company with legal headquarters in Turin (Italy), it is listed on the STAR segment of the
Italian Stock Exchange (REY.MI) and is the holding of a leading Italian group operating in the e-business segment.
The company mainly carries out the operational coordination and technical management of the group and also the
administration, financial assistance and some purchase and marketing activities.
Reply S.p.A. also carries out “fronting” activities with primary clients as the sole manager of the processes that are
ISO 9001 compliant.
Note 2 - Accounting principles
Compliance with International accounting principles
The year ended 2009 financial statements have been prepared in accordance with International Financial Reporting
Standards (IFRS) issued by the International Accounting Standards Board (“IASB”) and endorsed by the European
Union and with the provisions implementing Article 9 of legislative Decree 38/2005.
The designation “IFRS” also includes all valid International Accounting Standards (“IAS”), as well as all interpretations
of the International Financial Reporting Interpretations Committee (“IFRIC”), formerly the Standing Interpretations
Committee (“SIC”).
Following the coming into force of European Regulation No. 1606 dated 19 July 2002, starting from January 1,
2005, Reply adopted International Financial Reporting Standards (IFRS) in the preparation of the financial statements.
On the basis of national law implementing that Regulation, starting from January 1, 2006, Reply S.p.A is
presenting its financial statements in accordance with IFRS.
General principles
The financial statements are prepared under the historical cost convention, modified as required for the valuation of
certain financial instruments. The criteria of fair value is adopted as defined by IAS 39.
The financial statements have been prepared on the going concern assumption. In this respect, despite operating in
a difficult economic and financial environment, the Group’s assessment is that no material uncertainties (as defined
in paragraph 25 of IAS 1) exist about its ability to continue as a going concern. These financial statements are expressed
in Euros and are compared to the financial statements of the previous year prepared in accordance with the
same principles.
These financial statements have been drawn up under the general principles of continuity, accrual based accounting,
coherent presentation, relevancy and aggregation, prohibition of compensation and comparability of information.
The fiscal year consists of a twelve (12) month period and closes December 31, each year.
Format of the financial statements
The financial statements include, statement of income, statement of comprehensive income, statement of financial
position, statement of changes in shareholders’ equity, statement of cash flows and the explanatory notes.
The income statement format adopted by the company classifies costs according to their nature, which is deemed to
properly represent the company’s business.
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