SAVINO DEL BENE S.p.A.

• Additions 145 214 1,349 227 1,935
• Disposals:
• Historical cost
• Accumulated depreciation
0
0
• Depreciation charge -792 -109 -709 0 -1,610
Balance at 30.06.01
Historical cost 10,489 2,023 11,412 227 24,151
Revaluation 41,973 0 0 0 41,973
Accumulated depreciation -9,742 -1,359 -6,840 0 -17,941
Revaluation of accum. depreciation -21,059 0 0 0 -21,059
Net book value 21,661 664 4,572 227 27,124
The more significant additions during the period were:
• land and buildings: work for a value of Lire 124 million carried out on the buildings in Via delle
Nazioni Unite, Scandicci (Lire 1 million) and in No. 65, Via delle Cateratte, Livorno (Lire 123
million) and additions to light construction for Lire 21 million;
• purchases of equipment for Lire 214 million;
• other assets: purchases of electronic machinery for Lire 756 million, trucks for Lire 356 million,
plant, furniture and equipment for Lire 222 million and motor vehicles for Lire 15 million. The
disposals during the period regarded trucks for Lire 159 million, electrical and electronic machinery
for Lire 32 million and plant, furniture and equipment for Lire 7 million.
Lastly, advance payments of Lire 227 million were made for the acquisition of the ground lease
(Lire 182 million) on council land in Genoa for office use up until 31.12.2051 and for restructuring work
on the Livorno building (Lire 40 million) and for the purchase of equipment (Lire 5 million).
The only assets included in the financial statements which have been subject to revaluation are
land and buildings. The table below shows the gross book value:
Commercial buildings Agricultural
land
Light construction Total
Historical cost of land and
buildings not revalued
124 0 274 398
Historical cost of revalued
assets
9,989 102 0 10,091
Revaluation of historical cost: 0 0 0 0
- Merger losses 5,676 0 0 5,676
- Law No. 576/1975 24 0 0 24
- Law No. 413/1991 1,050 25 0 1,075
- Law No. 342/2000 35,198 0 0 35,198
Total gross book value 52,061 127 274 52,462
Financial fixed assets, comprised of equity investments, receivables and other securities, amount
to Lire 34,136 million against Lire 25,200 million at 31st December 2000 and Lire 25,498 million at 30th
June 2000.
Investments in subsidiary and associated companies amount to Lire 33,298 million against Lire
18,486 million at 31st December 2000 and Lire 18,796 million at 30th June 2000 and show the
following movements during the period:
-42
42
Subsidiary
companies
-198
186
Associated
companies
Balance at 31.12.00
Historical cost 16,926 3,558 20,484
Write-downs -1,007 -991 -1,998
Net book value 15,919 2,567 18,486
Movements during the first six months
of the year 2001
• additions 15,374 0 15,374
0
0
-240
228
Total
23