Annual Report 2011 - Fai

Schedule B
Statement of Cash Flows
Schedule C
Statement of Changes in Equity in 2011
CASH FLOW 2011 2010
A. LIQUIDITY GENERATED (ABSORBED) BY OPERATING ACTIVITIES
- Operating deficit (401) (1,106)
- Changes in working capital (698) 269
- Recapitalisation contributions 748 714
- Legacies 1,969 0
- Taxes (193) (175)
- Change in employee severance fund (59) (100)
NET CASH FLOW FROM OPERATING ACTIVITIES 1,366 (398)
B. LIQUIDITY GENERATED (ABSORBED) BY INVESTMENT ACTIVITIES
Institutional assets
- Restorations of foundation-owned properties (7,564) (4,434)
- Contributions specific to foundation-owned properties 3,983 2,754
Non-Institutional assets
- Restorations of foundation-owned properties (255) (10)
- Contributions specific to foundation-owned properties 0 0
Intangible assets
- Increases (85) (189)
- Depreciation and amortisation 92 79
- Contributions specific to intangible assets 126
- Amortisation of contributions specific to intangible assets (25) (25)
Assets on loan or licensed
- Increases (6) (23)
- Depreciation and amortisation 576 580
- Contributions specific to assets on loan 99 (5)
- Amortisation of contributions specific to assets on loan (568) (573)
Capital equipment
- Increases (184) (184)
- Depreciation and amortisation 154 142
- Contributions specific to capital equipment 74
- Depreciation of contributions to capital equipment (15) (17)
NET CASH FLOW FROM INVESTMENT ACTIVITIES (3,798) (1,705)
C. LIQUIDITY GENERATED (ABSORBED) BY FINANCIAL ACTIVITIES
- Financial income 123 115
- Repayments of frisl loans (37) (162)
NET CASH FLOW FROM FINANCIAL ACTIVITIES 86 (47)
D. LIQUIDITY GENERATED (ABSORBED) BY NONRECURRING EVENTS
- Provisions for risks
- Reallocated to income statement 0 145
- Other extraordinary charges 28 27
NET CASH FLOW FROM NON-RECURRING EVENTS 28 172
TOTAL NET CASH FLOW (2,318) (1,978)
Securities and cash, opening balance 9,292 11,270
Securities and cash, closining balance 6,974 9,292
Liquidity generated (absorbed) (2,318) (1,978)
Changes Operating profit and reserves Inalienable amounts Total
Endowment Fund
Reserve for
Operating Activities
Recapitalisation
Reserve
Contributions by
Constituents
Reserves
Surplus /
Deficit for the
year
Conferiment
“I 200 del FAI”
Provision for
Specific
Contributions
Sums collected
and/or promised
Used to meet costs of Restorations
carried out
Balance as at 1 January 258,228 13,673,769 (993,892) 12,876,584 46,945,027 72,759,716
2011
Allocation of deficit from
(993,892) 993,892 -
2010
Deficit for 2011 (442,871) (442,871)
Change for the year 1,969,043 (98,251) 1,870,792
Contributions accrued 747,688 4,081,384 4,829,072
Balances as at
31 December 2011
258,228 14,648,920 (442,871) 13,624,272 50,928,160 79,016,709
Data-processing policy – updated pursuant to Article 45 of the Italian Legislative Decree issued on February 9, 2012
(which revoked Point 26 of Appendix B of Italian Legislative Decree 196/2003).
Notice is hereby given that the Data Controller, also in relation to the tax year to which this balance sheet applies, has drafted the updated version of the Data
Security Policy (hereafter DSP) and has therefore verified the updated compliance with the requirements prescribed by the aforementioned legislation.
In this regard, please note that, – although the current regulation (following the entry into force of Article 45 of Italian Legislative Decree No. 5 of 9 February 2012)
has formally abrogated the obligation to maintain and update the DSP and the reference to it in the report accompanying the balance sheet – the Data Controller
considered it in any case appropriate to update the DSP for 2011 by the deadline of 31 March 2012, identifying the data-processing operations conducted, the
resources who are required to comply with the security measures, the risks and the prescriptions (security-related organisational measures, physical measures,
system measures). The updated version of the DSP is filed at the Data Controller’s office
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