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 32 - Other current liabilities
Details are provided below:
(in Euros) 31/12/2010 31/12/2009 Change
Current tax payables 7,785,774 3,800 7,781,974
Withholding tax and other 350,651 349,815 836
Total due to tax authorities 8,136,425 353,615 7,782,810
INPS 577,827 400,352 177,475
Other 165,963 174,204 (8,241)
Total due to social security authorities 743,790 574,556 169,234
Employee accruals 785,951 665,189 120,762
Due to subsidiary companies 5,515,267 3,142,612 2,372,655
Other payables 2,386,832 2,657,606 (270,774)
Accrued expenses and deferred income 3,053,544 895,998 2,157,546
Total other 11,741,594 7,361,405 4,380,189
Total trade payables and other liabilities 20,621,809 8,289,576 12,332,233
Due to tax authorities mainly refers to payables due for withholding tax on employees and free lancers’ compensation.
Due to social security authorities is related to both Company and employees contribution payables.
Employee accruals mainly include payables to employees for remunerations due but not yet paid at year-end.
Due to subsidiary companies represents the liability on tax losses recorded by subsidiaries under national tax consolidation
for 2009 and for the tax credits that subsidiaries transferred to Reply S.p.A as part of the tax consolidation.
The carrying amount of Other current liabilities is deemed to be in line with its fair value.
Note 33 - Provisions
The item Provisions is related to an accrual amounting to 500,000 Euros recorded in 2010 and reflects the best
estimate of the future cash flows in relation to the liquidation of a subsidiary company.
Note 34 - Transactions with Related parties
In relation to CONSOB communication no. DAC/RM 97001574 of 20 February 1997 and no. DAC/RM 98015375
of February 27, 1998 concerning relations with related parties, the economic and financial effects on Reply S.p.A.’s
year ended 2010 financial statements related to such transactions are summarized below.
Transactions carried out by Reply S.p.A. with related parties are considered ordinary business and are carried out at
normal market conditions.
Financial and business transactions among the Parent Company Reply S.p.A. and its subsidiary and associate companies
are carried out at normal market conditions.
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