Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

10.2 Investments in subsidiaries, jointly-controlled companies and companies subject to significantinfluence: financial informationKey financial data ¹ Data for consolidation 2NameTotal assets(€m)Total income(€m)Net profit(loss)Net equityBook valueFair valueA. EQUITY-ACCOUNTED COMPANIESA.1 JOINTLY-CONTROLLED COMPANIES(IAS 31)1. Banca Esperia S.p.A. 715,194 68,578 1,297 110,910 57,937 3 —A.2 COMPANIES SUBJECT TO SIGNIFICANTINFLUENCE (IAS 28)1. Burgo Group S.p.A. 2,320,071 2,354,052 4,271 367,085 82,182 —2. Assicurazioni Generali S.p.A. 422,439,425 90,779,211 1,507,256 15,249,633 2,241,462 2,998,6843. RCS MediaGroup S.p.A. 3,380,600 2,255,300 17,071 957,268 191,772 4 125,2994. Fidia SGR S.p.A. 6,914 604 (356) 4,535 1,045 —5. Athena Private Equity S.A. 115,948 3,672 (1,608) 106,513 25,670 —6. Pirelli & C. S.p.A. 5,618,800 5,330,207 65,328 1,811,746 107,050 5 163,3207. Gemina S.p.A. 4,005,218 597,543 (40,740) 1,641,621 196,391 130,2798. Telco S.p.A. 6 5,474,941 178,699 (1,029,665) 6,436,121 252,576 —Other minor investments — — — — 57 —Total 3,156,1421Based on most recent approved individual or consolidated financial statements, as the case may be.2Calculated pro-forma based on financial situation as at 31/3/11 or 30/6/11.3Includes goodwill of €1,833,000.4Includes goodwill of €51,003,000.5Includes goodwill of €24,272,000.6Calculated based on financial situation as at 30/4/11.The value of the investment in Gemina, €196.4m, continues to be in line with the pro-ratashare in its net equity. The difference between this figure and the value based on stock marketprices as at 30 June 2011, reflecting an implicit loss of €66.1m, is justified by the decision to alignthe value of the shareholding to figures contained in audited financial statements, the size of theshareholding and the growth potential reflected in the airport system headed up by Aeroporti DiRoma, which is the main asset owned by Gemina. In this connection, it should be noted that theItalian civil aviation authority in July approved the general outline of the framework agreement foroperating the Rome airport, which involves an update to the tariff scheme.– 105