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

OTHER ASSOCIATED UNDERTAKINGSTABLE C (cont.)BALANCE SHEETSTelco S.p.A.30/4/11LUVE S.p.A.31/12/10GB Holding S.r.l.31/12/10(€ 000) (€ 000) (€ 000)ASSETSB) Fixed assets:I) Intangible assets 1,483 24,345 —II) Tangible assets — 38,702 —III) Financial fixed assets 5,406,456 26,552 13,666Total (B) 5,407,939 89,599 13,666C) Current assets:I) Inventories — 5,044 —II) Accounts receivable:1) from customers — 10,212 —2) from group companies — 6,451 —3) from associate companies — — —4) from parent companies — — —4 bis) from tax authorities 58 1,816 54 ter) advance tax — 1,504 —5) from others — 294 —Total accounts receivable 58 20,277 5III) Financial assets other than fixed assets — — —IV) Cash and cash equivalents 55,736 7,146 —Total C 55,794 32,467 5D) Accrued income and prepaid expenses 11,208 741 —TOTAL ASSETS (B+C+D) 5,474,941 122,808 13,671LIABILITIESA) Shareholders’ equity:I) Share capital 3,287,195 9,000 97II) Share premium reserve — 9,574 13,546III) Revaluation reserve — 273 —IV) Legal reserve 42,190 1,213 19VII) Other reserve 7,632 8,774 —VIII) Retained earnings (accumulated loss) (1,505) — —IX) Profit (loss) for the period (1,149,981) 1,832 (7)Total A 2,185,531 30,666 13,655B) Provisions for liabilities and charges —For tax (including deferred tax) — 6,241 —Other provisions — 1,359 —Total B — 7,600 —C) Provision for staff termination indemnities — 1,278 —D) Accounts payable:3) Amounts due to shareholders by way of loans 1,300,000 — 134) Amounts due to banks 1,930,000 59,431 —5) Amounts due to other lenders — 133 —7) Amounts due to suppliers 433 15,525 39) Amounts due to group companies — 4,704 —12) Amounts due to tax authorities 12 315 —13) Amounts due to pension and social security institutions — 942 —14) Other amounts due 195 2,205 —Total D 3,230,640 83,255 16E) Accrued expenses and deferred income 58,770 9 —TOTAL LIABILITIES (A+B+C+D+E) 5,474,941 122,808 13,671472 –