Reply SpA

Statutory financial statements at December 31, 2010
Note 10 - Amortization, depreciation and write-downs
In 2010 depreciation of tangible assets, amounting to 329,662 Euros, has been determined on a straight-line basis
at economic-technical rates that reflect the useful lives of the asset. Details of depreciation are provided at the
notes to tangible fixed assets herein.
Amortization of intangible assets for the year ended 2010 amounted to 487,049 Euros. The details are provided at
the notes to intangible assets herein.
Note 11 - Other unusual operating income/(expenses)
Other unusual operating income/(expenses) amounting to 505,189 Euros refers mainly to costs accrued in relation to
the investment in Plus Reply S.r.l. in liquidation.
Note 12 - Gain/(losses) on equity investments
Detail is as follows:
(in Euros) 2010 2009 Change
Dividends 18,762,943 17,146,146 1,616,797
Loss on equity investments (2,465,000) (2,071,000) (394,000)
Total 16,297,943 15,075,146 1,222,797
Dividends include proceeds received from several subsidiary companies during the year.
Detail is as follows:
(in Euros) 2010
@Logistics Reply S.r.l. 700,000
Aktive Reply S.r.l. 800,000
Atlas Reply S.r.l. 1,500,000
Blue Reply S.r.l. 1,600,000
Business Reply S.r.l. 400,000
Cluster Reply S.r.l. 2,100,000
Hermes Reply S.r.l. 100,000
Santer Reply S.p.A. 600,000
syskoplan AG 562,943
Sytel Reply S.r.l 9,000,000
Technology Reply S.r.l. 1,400,000
Total 18,762,943
Loss on equity investments is related to write-downs and the year end losses of several subsidiary companies that
were deemed as non recoverable and posted to the income statement.
For further details see Note 19 herein.
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